Do Value Investing Frameworks Really Save You From You?

There isn't some huge gap where value stocks are out performing the a more widespread index things. If you're buying something at 13 times earnings and it re rates to a market multiple, well great. If it re Rates to 15 times earnings, which is the long term average, well great too. It worked from 19 70 through the early eighties. Um, there's mether time. I mean, there'snot so far. Certainly, being in value type stocks instead of, um, the mostthe like, sort of profitless growth companies, has certainly been a big help,. But it hasn't etually given you much better return nthe market.