Value is Not Dead – This Time It’s Not Different

OCT 2018

Lately, we have heard “this time it’s different” applied to value investing. The most ardent believe that value investing is dead. Don Schreiber, Jr. argues value’s underperformance to growth is a phenomenon of an elongated bull market cycle that has favored large-cap growth and especially tech companies. Let’s take a closer analysis of the long-term performance of value indexes versus growth indexes…