Growth You Don't Want To Chase

One of my early post mentioned that growth is actually not good for short term traders. My explanation is that the growth number got priced in the shares well before it went to 10K and 10Q reports. Gannon's latest insightful article says that even for long term investors, there are certain type of growth not worth to chase. To quote what he said:

A business that is getting more efficient ... is achieving a totally different kind of growth than a company that is growing by growing its size and maintaining the same efficiencies.

The good growth will put more money into investors' pockets, while the bad growth will not. I'd suggest everyone to read Gannon's article throughly to understand this.