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Value Investor Gives up and Buys AI: “Typical Top Signal”
Summary by Dagens Industri
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1 Articles
Value investor Terry Smith is abandoning his strategy of buying pressured quality companies to chase AI momentum instead. When he cleans out his portfolio, a Swedish popular stock, among others, goes out. The turnaround makes Swedish equity profiler Marcus Hernhag raise a warning finger. "Typical top signal."
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