← Back to dashboard
Share
1100%
r/investing
Will there be any vindication for the patient value investor?
Investor summaryNeutral
Author laments value investing's 15-year underperformance, suggesting only a 1929-style depression could close the gap.
Bear points
- Market is driven by irrational animal spirits.
- Value has underperformed the index for 15 years, showing extreme market distortion.
- Recovery for value likely requires a catastrophic 1929-style recession.
价值 / 回购降息与宏观
Post body
I can't stop thinking about the animal spirits in the market and the unbelievable 15 years of value underperformance relative to the index. The only way for this gap to close is through a recession on the scale of 1929. How do active value managers even still exist?
Discussion · top comments
No comment snapshot fetched for this post yet.