15min chapter

The Case Against Value Investing

Two Quants and a Financial Planner

notes

CHAPTER

Navigating Value Investing in a Tech-Driven Era

This chapter delves into the challenges of traditional value investing in light of technology companies and their intangible assets. It highlights the need for adaptive metrics in a fast-changing economic landscape and discusses the impact of market concentration on investment strategies. The conversation emphasizes a diversified approach to investing while humorously acknowledging the unpredictability of future market dynamics.

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Transcript

Episode notes

In this episode, we tackle a question that is on many investor's minds: Is value investing dead? We explore various arguments for and against value investing's continued relevance in today's market. We discuss: The impact of low interest rates and Fed policy on value investing Whether too many investors have adopted value strategies How narrative-driven markets affect value investing The challenges value faces in a tech-dominated market The role of big data and its effect on traditional value metrics Whether value investing is betting against technological progress We aim to provide a balanced view, acknowledging the arguments on both sides. While we don't come to a definitive conclusion, we offer insights on how investors might think about value in their portfolios going forward.

We hope you enjoy the discussion.

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