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...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday