At least some people think, past that 12-month time window, momentum ceases and there's even a bit of price reversal. "I find it inherently more plausible that something priced to a long-term lower level might have a risk element," he says. If two stocks have the same fundamentals, if there's an error in the price, it's going to look more expensive.
Tyler and investment strategist Cliff Asness discuss momentum and value investing strategies, disagreeing with Eugene Fama, Marvel vs. DC, the inscrutability of risk, high frequency trading, the economics of Ayn Rand, bubble logic, and why never to share a gym with Cirque du Soleil.
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