Because there is not much logic behind it. It's pure gut feelings that it will keep doing what it's been doing. You might as well just invest on low cost index fund.
Momentum investing is one of the causes of the bubbles. And I don't want to be a part of it.
And what's your respond on my statement:
Where do you get that number from?
If you believe too much on "momentum investing" then why did you invest in SIAF? It's been doing poorly these past couple years surely it will keep doing so according to momentum investing beliefs.
I've read Dhando Investor by Mohnish Prabai, Quantitative Value by Tobias Carlise. Most of them are just repetitive. If you get the idea, you don't need to read all of it.
Value Investing is just about using your common sense. And it is not rational to invest based on momentum.
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