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Is Value Investing a Disaster?
Even if you take a valuation model, like when people look at foreign currencies, they talk about things like purchasing power parody. And your subjective is the idea of value investing, right? Which i tted about a while ago. It's now been over 20 years that value investing has been sort of a disaster for those people. So it is very important to be aware of what other people think is the valuation model for things and then alsothe sort of whon that can be true and when that can be very false.