6min chapter

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#34: Michael Green On Detecting The Greatest Value In Markets Today

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Effect of Low Volatility on Value Investing

In 1999, value stocks had been so ignored that they were absolutely cheap. In the past two months there's been a mania associated with some of these components but they don't really have a mechanism for investing other than passive vehicles. We effectively have an environment in which by virtue of demographics and the way that we actually measure performance, value managers are facing redemptions.

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