Thursday, September 16, 2010
1) Was value investing (whereby investors identified misunderstood companies trading at less than fair market value and waited for the market to acknowledge the inefficiency) no longer valid in this brave new world of Internet companies with multibillion dollar valuations and multimillion dollar losses?
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Still valid, just a matter of time.
ReplyDelete2 years value > Growth
3 years Growth > value
the latter can be longer