The Divergence of Value and Growth
Investors have heard a lot about the value and growth investment styles over the decades. These styles have elicited great debate about the “best” approach to selecting investments. There are merits to each style, and accordingly, they tend to rotate in and out of favor. As the chart below demonstrates, the value style has been out of favor in recent years. With volatility returning to the market and as a dyed-in-the-wool value manager, we thought it would be interesting t