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by amorphid
3227 days ago
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They beat the market until they don't. Patterns that generate better returns don't last. In this case, everyone sees that outperform rated stocks (OSR): - OSR yield better returns - OSR demand increases - price of OSR goes up - higher prices yield lower returns - in near future, non-OSR have more attractive returns - article is published saying non-OSR - repeat in perpetuity |
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