Enthusiasm can sometimes get the better of all of us. Investors always find ways to justify prices for companies at any stage in the cycle, writes William Heathcoat-Amory, partner at Kepler Trust Intelligence.
To contrarians, the fact that the price of something has gone up tenfold does not necessarily make it more attractive. However, momentum (as it is now called) is popularly touted as a sustainable investment...
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26 years in financial services
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