From The Economist
The age-old strategy of buying cheap shares is faltering
Shares of value firms have underperformed the market since 2010
In the US, the 'growth' stocks which dominate the indices are the tech stocks, including Tesla, Apple, Twitter, Facebook. The 'value' stocks tend to be older industries. And oil has traditionally been classified as 'value' but has underperformed direly as the cost of new oil fields has risen while the price of oil has fallen.
No comments:
Post a Comment