No, it's about relative value. Obviously it's a tautology to announce that you've discovered that stocks that did really well outperformed ones that didn't.
The interesting thing is that the aggregate market gains are almost entirely concentrated in those stocks. It's not a statement about sorting, it's a statement about distribution.
The interesting thing is that the aggregate market gains are almost entirely concentrated in those stocks. It's not a statement about sorting, it's a statement about distribution.