Value Stocks Don’t Party Like it’s 1999
I haven’t seen or read much about it, but this is a very tough time for value investors. In fact, to my surprise, it hasn’t been this bad for value investors since the late 1990s tech bubble. Although you can find the same thing if you look at commercial indexes from companies like S&P, Russell and MSCI, the following data from academic Ken French tells the whole story. While useful,… Read More