2 ms·
Quite. When people start telling you there is a new normal, this is a new paradigm, you just don't understand these new companies, x style of investing is dead
by grey-area 6y ago
Quite.
When people start telling you there is a new normal, this is a new paradigm, you just don't understand these new companies, x style of investing is dead, you know a reset is coming.
- throwaway5752 6y agoThe phrase "Value investing is dead" is a decades-old inside joke. One can google it. Value & growth strategies oscillate. When then persist in one state too long people who haven't been around as long (or who are selling something) make grandiose proclamations. It's a fundamental reality related as much to the business cycle as it is to the human condition/psychological cycle of investment. An investment is worth the value of its future cash flows discounted by the risk free rate (plus terminal value). That's it, it's all that 90% of people need to know. There are many, many unknowns in that statement, which makes it a market.