Salient to Investors: Jim Simons at Math for America said: In the old days, commodities or currencies had a tendency to trend. Trend-following was great in the ’60s, sort of OK in the ’70s, but not OK in the ’80s. You look for anomalies in the data, when efficient market hypothesis
READ MORE... →Salient to Investors: Jordan Wathen at TMFValueMagnet writes: Eyquem found that from 1951 to 2013, the lowest PE decile of stocks compounded annual returns of 16.7% versus 9.3% for the highest decile. Never pile in or out of an investment for the simple fear of falling behind. No one gets fired
READ MORE... →Salient to Investors: History shows investors are more prone to sell “winning” investments but hold on to losers. Momentum trend-following strategies will lose some money, but probably not all of your money. Avoiding losses is the key advantage of momentum strategies. Kevin Orr at F-Squared Investments said: Avoid loss, even at the expense of
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