AQR Managing Principal Cliff Asness provides a compelling case for why value investing appears to be as relevant as ever. While value stocks have suffered a long-period of under-performance, recent research shows that it is unlikely because “the world has changed”, and that the medium-term odds are now dramatically on the side of value. He concludes by reminding us that "Good investing is about being on the right side of the odds and sticking with good strategies, if, after careful examination, you are convinced they are not broken." Please see his comprehensive piece here.
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