"Granny Shots seems to be a rather unusual name for an ETF, at least in my view. Undoubtedly, if you're not a basketball fan, you probably have no idea what the name of the ETF entails. In basketball, a granny shot is just an underhand free throw. If you tune into any NBA game, you'll probably never see it being performed - not because it isn't effective, but because it simply does not look "sexy" compared to the overhead free throw."
"As the name suggests, you'll look like a granny taking a free throw. And while it's hard not to giggle when someone throws a granny shot, it is, surprisingly, very effective, if not better than the way just about everyone shoots free throws. NBA legend Rick Barry scored a 89% free-throw rate, thanks in part to his granny shots. These are profoundly impressive stats that I think should convince just about everyone throwing granny shots."
A Fundstrat ETF called the Fundstrat Granny Shots US Large Cap ETF (NYSEARCA:GRNY) adopts an unconventional investment approach modeled on the underhand 'granny shot' free throw. The strategy favors effective, unsexy stock picks rather than aesthetically attractive ones, aiming to make the basket at all costs. Historical free-throw effectiveness, exemplified by Rick Barry's 89% rate, underlines the idea that unconventional technique can outperform style. The ETF seeks greater diversification and aims to reduce downside risk compared with concentration-heavy funds like QQQ, potentially offering resilience if an AI-driven market bubble bursts.
Read at 24/7 Wall St.
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