Complacency kills - the party is over for growth investing

Charles Dalziell | Orbis Investment Advisory  | 22 August 2019 | 0.50 CE

Value stocks have underperformed growth stocks in the US market for more than 12 years, the longest stretch of underperformance in living memory. A number of theories have been put forward to explain what has happened and why this might be the new normal. But the explanations are contradicted by the historical data. This time is not different. Neither...