Same, same, but different?
SUMMARY
INTRODUCTION
In investing, some terms are used interchangeably, despite these having quite different technical interpretations. For example, most investors put stocks with strong sales growth, strong performance, or expensive valuations in the same “growth stock” bucket, but these companies often have significantly different characteristics, eg cheap stocks outperformed and acquired momentum features in the first quarter of 2023, but these companies do not exhibit strong sales growth.