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Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying under-rated businesses is one path to excess returns. For example, long term Accent Group Limited (ASX:AX1) shareholders have enjoyed a 32% share price rise over the last half decade, well in excess of the market return of around 24% (not including dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining jus...
>>> Read more: Investing in Accent Group (ASX:AX1) five years ago would have delivered you a 76% gain
>>> Read more: Investing in Accent Group (ASX:AX1) five years ago would have delivered you a 76% gain
