Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk

ACKNOWLEDGMENTS

        If I have seen further, it is by standing on the shoulders of giants.

—Isaac Newton

INEVER COULD HAVE WRITTEN THIS book had it not been for the substantial body of work by so many dedicated momentum researchers over the past 80 years. I am particularly indebted to Alfred Cowles III and Herbert E. Jones, who painstakingly hand-calculated and published the very first quantitative study of momentum in 1937. Practitioners today, me included, still incorporate momentum in much the same way that Cowles and Jones presented it.

I wish to thank Wes Gray for his encouragement in getting me to put words to paper. Wes and his associate, David Foulke, also gave me valuable feedback on this book’s content.

I am indebted to Tony Cooper ...