If one wanted to run other people's money would it be appropriate to point to your personal but verified returns as an indicator of your abilities and what investors could expect from their investment? For example, let us say you started with $200K and grew it to $1 million over the course of four years. Does that mean your track record is one where investors should expect to earn 50% annualized returns? Most traders would say no, because such results are hard to duplicate, but then what do traders who seek to raise funds use in order to lure investors? It seems that almost all traders who raise capital need to show dazzling outperformance, not just mediocre market equaling performance to woo investors. N.B., the above situation is just a hypothetical.