Good momentum, bad momentum

Old-timers who have followed Value Research for years or decades must be somewhat surprised at the topic of this month's cover story. There's no denying it - for long years, 'momentum' has been a dirty word in everything we publish and, certainly, in everything I write. In fact, if one classifies equity investing as fundamentals-driven or momentum-driven, practically everything I write and say about investing is anti-momentum. So yes, your surprise is justified.