On why momentum investing continues to be successful..

“In his research into 25 years of academic literature on momentum, Subrahmanyam found that many of the rationales presented for the strategy’s success fall into one of two behavioral categories: Investors either overreact to important information, or they under react to it. Because, after all, we’re only human.”

Read more here…

http://www.anderson.ucla.edu/faculty-and-research/anderson-review/momentum

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