This week’s The Distillery isn’t the most exciting read, but it’s an important read. For investors, we have to constantly weigh our options, selecting the ones we believe will have the greatest future risk-adjusted returns for our particular goals. The problem is, we never know quite how those returns will realize, and sometimes the strategy which has historically proven to provide the greatest risk-adjusted return, is taking longer than usual to do so. Could things be different this time? Likely not, but staying the course is proving to be even more difficult, but oh so important.
We hope you enjoy the author’s well thought out piece on the timely Value vs. Growth debate.
Value stocks have struggled for a long time now. Although the degree of underperformance can vary significantly based on the metric you use and the universe you apply it to, there is no question that the past decade has been a bad one for value investing. And the past five years have been even worse. I have always been a big believer in value, but it is only natural for all of us to question an investment strategy that struggles for this long...
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