Question: Many studies have documented simple strategies with abnormal returns, including January effect, What works on Wall Street, The Foolish Four, and the Dow Theory. Please

Many studies have documented simple strategies with abnormal returns, including January effect, What works on Wall Street, The Foolish Four, and the Dow Theory. Please share your thoughts on formula investing. Is it possible that a simple formula would bring abnormally high return? Why or why not? Can you rely on previous performance in predicting the tuture return?

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