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.

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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