Momentum-based Stock Selection, Is Simple, But Not Easy

Wes Gray will address 3 key questions related to momentum-based stock selection systems: 1) Is momentum capacity too low? 2) Is momentum too crowded? 3) Can this “open secret” work in the future?

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Q2 hedge fund letters, conference, scoops etc

Momentum-based Stock Selection, Is Simple, But Not Easy

Should You Go All In On Water Like Michael Burry?

Water investments? Michael Burry was one of the first institutional investors to bet against the US subprime mortgage market in the mid-2000s, and today he’s concentrating all of his investment efforts on one commodity: water. Burry’s focus on water has attracted plenty of attention to the commodity in the investment community but trying to profit Read More


Kick off your people watched him play. What have it. So just knows I've got to ask you. Fortunately Emilio right after this or had to decide question. Yeah drop me a card. That is your my background. Is. Over. It. So the fact that I'm sitting here. Top. Seed and Thomas's everyone's. Saying. Yes. Years ago Graham Grand investor Warren Buffett a fun stock if he didn't have religion. You didn't mention technicals or momentum. Literally. Oh so it took me a long time. Finally to join the team here. So this is a presentation that is. My long. Time. They. See. Is not. A bunch of loose. People. Right. So what we're talking about today is. Momentum but a very particular vein remonstrate. Now over cross-sectional all can't explain exactly what I mean by that. So we can have a conversation that is fruitful. Talk about three or four questions we get all the time. I think dancers might be better a perhaps of pricing. And the first question is okay well Madden is great but this is just keep it alive and transaction costs. That would mean there's always the other one is. Okay great. It doesn't get destroyed in transaction costs but everyone's traded. The thing is too crowded so that's also a bad situation. And then the third one is OK you could trade profitably after costs there's too many people that know about it and do it. How can it be possible that open secrets. Everyone knows about. Momentum. Q Can you work out a scene right out of it at least a framework. That may be possible. He chose not to. So first covers what is format. In the cable actually is a lot of things to a lot of different people. There's a man out. There tires. Tread foreigners cross-sectional there's all these ideas they are controlling. What I'm talking about. We'll keep switching between this straight white. Men.

Access time. Why. He. Says. His. Own. Section.

Is nothing to stop stop stop. He had a point in time. Say well like all of us in terms of a geek what. This trend. Is. What. Is going. On. With.

This stuff.

Or basic industry parkrun about this. We don't because. We're. In. The wrong. Direction.

You're right. He's right. Some charts are positive and he said it is great.

We could have a situation where the stock is down 10 percent is down.