Which is a better prognosticator for future results, long term performance or short term performance?
If I look at OAKIX, Oakmart International, Morningstar provides a ranking of 5 stars predicated on a long term performance. Bloomberg however lists it as 1051 rank of 1469 international funds based on more recent performance. Naturally under perfect conditions both long and short term should be high for us to contemplate any purchase but in a real world this rarely occurs.
So then, which do you use, long term or short term?