Have Value Stocks Slumped For 25 Years?
When I was a kid, one of my favorite professional athletes was a guy named Denis Savard.
He played hockey for the Chicago Blackhawks.
I thought Savard would remain the team’s best player forever. But one year, while Savard still seemed invincible, a sports commentator said he was no longer the Blackhawks’ number one scorer.
I couldn’t believe it. I was in denial.
Financial academics have long asserted that value stocks win. But fans are starting to see some grey behind the ears.
They say the pedigree remains. But value stocks aren’t scoring. At least, that’s a common view.
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