The faster it goes...

Just a few months back, I wrote a sort of a mea culpa editorial in our stock investing magazine, 'Wealth Insight'. The cover story of that issue was on roughly the same topic as this one: Momentum investing. Except, of course, this one is about mutual funds that follow a momentum strategy. In that editorial, I wrote, "Oldtimers 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 being either fundamentals-driven or momentum-driven, then practically everything I write and say about investing is anti-momentum". So, why are we doing this? Well, as Deng Xiaoping famously said, "It doesn't matter whether a cat