“I would ask everyone to swap their stock cube for some miso paste. You can buy miso paste. It lasts a long time, which is this fermented soybean paste that gives an umami flavor that's fantastic.”
“If we buy the past losers and sell the past winners and hold them for another three years, then what we see is that there is a reversal.”
Alex Edmans · The Rational Reminder Podcast · The Madness of Markets (Alex Edmans)
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What was described
Rank all stocks by total return over the past three years, buy the bottom decile (past losers) and short or sell the top decile (past winners), then hold the positions for another three years
reversal observed; past losers become winners and past winners become losers over the 3-year holding period
Said nearby on the same subject
“When I started calculating and looking at my reports and seeing how much we had been in those DIR fees over the past several years, I was just, I couldn't believe it.”
“People don’t need to sell… they’ve made so much money over the last seven years… they can hold it for another five years.”
“I've learned more in the past, probably even a year, than the previous five years combined.”
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