In “Presentation With a View,” you may have spotted this enigmatic image in the photo. What is it?

You may recognize it as a stylized rendition of an “Illustration of the Month” we shared last February. Both warn us against trying to successfully pick “winners” or avoid “losers” by chasing recent performance. Based on the data from the more detailed version, you’ve got less than 50/50 odds of picking a stock fund that is even expected to survive the 15-year period ending 2015. Picking one that not only survived but also outperformed its standard benchmark dwindles to a mere 17 percent.

Why play a game so heavily stacked against you when evidence-based investing is available instead?