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this is a very short term study. Most of that 5 years growth investing was in vogue and value investing was out of favor. In fact 2011 was one of the worst year for value!
You need to look at any research on a minimum 15- 20 years
Re Does Spending Time Researching a Company s Fundamentals Generate Higher Returns
this is a very short term study. Most of that 5 years growth investing was in vogue and value investing was out of favor. In fact 2011 was one of the worst year for value!
You need to look at any research on a minimum 15- 20 years
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