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The Growth Story of Value Investing Firms
There have only been 13 ten year periods since 19 28 until now, where value has under performed for ten years. And we're in one of those periods. A client asked to ask this a couple of weeks ago, like s thit's not a different era where it is kind of a winter take all in technology. So that was his thesis, that ou should be concentrating on these securities because they could take it all. But that kind of ignores the whole idea of capitalism and competition and risk. Also, it ignores risk. If it were really a risk free profit by capturing those largest companies, well the price would be bit up, even more than it's been bit up.