In any asset (including stocks, real estate, bonds, etc) winners tend to keep winning and losers tend to keep losing. This is largely why index funds statistically work so well versus just picking stocks, they force smaller allocations to losing stocks and increase allocations to winners, e.g. water your flowers and pull your weeds.

This is like selling real estate in Manhattan to buy in Detroit. Yeah Manhattan is expensive and Detroit is cheap, but that doesn’t in any way mean Detroit will outperform or turnaround its problems.

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