Taking a swipe..

[Nick Radge]

The following appeared in my Twitter feed and was aimed squarely at me – Joe Magyer and I appeared several times on TV together.

There are several issues here:
(1) Joe is a long time market professional yet is either ignorant of the momentum anomaly or is so deep in his own confirmation bias that it simply doesn’t register
(2) The use of the car analogy, and a very typical example used by value investors, is that a car is a depreciating asset. Its value falls the second it leaves the yard so it makes sense to buy as cheap as possible. Stock prices are not, indeed one only needs to look at great companies like AMZN, MU and BKNG to get a sense of how illogical that argument is.

[LeeDanello]

Well he did work for The Motley Fool Australia and had his own thing going there with some sort of system. Their subscription service is a piece of crap. All of those tips sheet services are crap. Never made any money out of any of them. You’d be a fool to waste your money with them.

[ScottMcNab]

Always disappointing when people stoop to denigrating others in their industry instead of working a bit harder trying to produce some positive marketing… growth, momentum and value seem to all have proven track records when used appropriately…probably a sign that his value approach struggling a bit at the moment

[ScottMcNab]

More for Joe

https://alphaarchitect.com/2018/04/24/the-worlds-longest-multi-asset-momentum-investing-backtest/

[Nick Radge]

These types of guys aren’t interested in facts.

Read a Twitter comment the other day about a 69-page report on a banking stock and why it was a good buy.

69-pages? Seriously? Imagine the hours putting that together? Does the length really add any value? How much better can that be than a basic momentum strategy?

[JulianCohen]

Nick Radge wrote:

How much better can that be than a basic momentum strategy?

69 pages better!

[RobGiles]

Julian Cohen wrote:

Nick Radge wrote:

How much better can that be than a basic momentum strategy?

69 pages better!

haha! Who honestly could be arsed reading such a thing?

[Author]

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