BUY AND HOLD

Momentum speculators mistake random fluctuations for trends; they also forego gains from compounding; hence they usually underperform.

Ellerston’s James Barker and Ausbil’s Andrew Peros join guest host Tom Piotrowski to analyse high-profile growth stocks.

Short-term returns are random rather than seasonal; over the medium term, “buy and hold” has increasingly outperformed “sell and switch.”