Value Investors Sit Uneasily on Top of the Heap
by Chet Currier
Will success spoil value investing?
It's a spoilsport sort of a question to raise, smack in the midst of a golden age for the bargain-minded army of investors who march under the ``value'' banner.
But someone has to ask it. With value stock mutual funds trouncing their growth-fund counterparts for a seventh straight year here in the waning weeks of 2006, the issue can't be avoided much longer: At what point do value stocks and value funds get so fat and happy they don't represent ``value'' any more?
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Nice Article. I believe Value Investing is more a relative concept than an absolute one. Again it depends on how much value do we see in any given proposition vis a vis our expectation. The definition of value investing stands to change in today's era with easier access to information and a lot more visibility.
Posted by
Rajesh Soni |
3:40 PM