Examining the Arguments Against Value Investing

Excess Returns · Jan 24, 2021 · 18m

After a decade of struggle, the past six months have finally given value investors reasons for optimism. Although the recent outperformance pales in comparison to the underperformance over the course of the decade, the fact that performance has improved, coupled with the arguments that a move toward increased fiscal stimulus may lead to a higher inflationary environment that would benefit value, has many value investors, including us, thinking we may have finally reached the turning point. And market experts have also jumped on the value train, with many predicting a strong year for value…