That's if you believe there is a perfect correlation between budget and performance and

other factors such as poor recruitment or management, and tactical innovation are not also influences on performance. That not withstanding the point I was making is that 'over performance' which Knapper seems to be relying upon is not a sustainable strategy. Regression toward the mean cannot be avoided over the medium to long term.

Posted By: The Gaffer, Jun 10, 11:16:04