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Podcast: Excess Returns
Episode: An In Depth Look at Momentum Investing and Trend Following with Jack Vogel
Description: There is perhaps no investment factor with more long-term data to support it than momentum. But despite that, its real world usage lags far behind other factors like value. Part of the reason for this is the fact that momentum can be much less intuitive for investors. It is easy for investors to understand why they should buy a stock that trades at a discounted valuation, but it is much more difficult to understand why they should invest in a stock solely because its price has gone up.Â
In this episode, we take a deep dive into m...