This episode explores the concept of momentum investing as a stock-selection tool, contrasting it with traditional technical and fundamental analysis. It argues that both fundamental (value) and technical (momentum) strategies can be effective, driven by investor behavioral biases and limits to arbitrage for "smart money." The text highlights that momentum investing is distinct from growth investing, demonstrating that historically, momentum has yielded superior returns with comparable or even lower risk. Ultimately, the source advocates for a combined value and momentum strategy, suggesting that this blend offers enhanced risk-adjusted returns and a smoother investment journey across various global markets