15 Lies About Trading And Investing– Lie 8
Lie 8: Stock Market Momentum Is A Robust Anomaly
Momentum has become a popular buzzword in the past few years due to books, academic papers, and blogs. The basic claim is that momentum is a robust anomaly because it has persisted for a long time, as backtests show, and therefore it will continue delivering high risk-adjusted returns to stock market investors.
There are two basic types of momentum: relative and . . .
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