The valuation gap wasn't always this wide. And so I'm wondering, can you talk a bit about what drove this large and widening gap in the first place? Yeah. What created that massive gap between growth and values is a lot of this just chase of money chasing assets. That's not going to change. The Federal Reserve and these rate hiking campaign that they're on eventually breaks something in the economy which will fuel the chase back into growth stocks where investors can get a higher rate of return for short-term returns.
IN THIS EPISODE, YOU’LL LEARN:
02:16 - Why the valuation gap between value and growth is wider than ever.
02:28 - Why Lance doesn’t think the FANG stocks are dead.
06:11 - How the rise in flows into passive indexing impacts the FANG stocks performance.
20:00 - Lance’s current assessment of the market and his outlook into 2023.
27:39 - How Lance is positioning his investments heading into 2023.
33:42 - His 7 rules to navigate investing in a bear market.
42:47 - The decomposition of returns in the S&P 500.
50:54 - The increasing importance of share buybacks in driving returns.
54:14 - The pros and cons of share buybacks vs dividends for shareholders.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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