I got great, consistent feedback from people who actually know finance that you cannot currently make 11% returns a year by value investing.https://twitter.com/s_r_constantin/status/1247301128980549632 …
Before I get into that, is my interpretation correct? higher momentum premiums indicate more prevalence of “herd behavior”/“popularity contest” phenomena?
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Hmm. To falsify that, we could look for data on the number of unique shareholders? Presumably if a “momentum” stock = a “herd mentality” stock, you’d see number of unique shareholders rising with the stock price. Idk where to find such data though.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I've invested in value stocks before, only to find that the herd heads for Momentum stocks and value does not move. So now I do a mix. I buy some value and some herd, like MSFT. Herds stocks move up and down faster, and I sell before the sentiment turns.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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