Factor Series: Momentum
Imagine a scenario where a long-lost, family favorite recipe was found, and you were requested to make the dish for an upcoming holiday. When reviewing the recipe, you notice the ingredients include a commoditized reference with no other details: “10oz of beef”. This presents an issue since various cuts of beef offer different flavor profiles and textures, along with varying cooking times. Using the wrong cut of beef could change the entire dish, leaving your family highly disappointed in your cooking abilities. Albeit a dramatic example, investing factors are very much like referring to cuts of meat with a generalized