The Asset Allocator: What’s Wrong With Momentum Investing?
The momentum strategy has a lot of support both in academia and among traders as a generator of excess return, but will investors apply the methodology correctly over a multi-decade career? This podcast (5:19) argues that momentum investing feels like a get-rich-quick scheme based on seemingly simple trend-following when, ironically, a get-rich-slow scheme is available to all. Learn more about your ad choices. Visit megaphone.fm/adchoices