Professors Narishimhan Jegadeesh and Sheridan Titman, demonstrated how stocks with high returns over a 3- to 12-month period did not earn excess profits of about 1% per month for the following year.

Professors Narishimhan Jegadeesh and Sheridan Titman, demonstrated how stocks with high returns over a 3-to 12 -month period did not earn excess profits of about 1% per month for the following year. True False