High Quality Value Investing with a Tactical Twist With Jeff Muhlenkamp
Excess Returns
00:00
Is It a Value Approach or Growth Approach?
I should have listened to your dad earlier in my career because when I would talk to investors, I would always say like, oh, this is a great sharp ratio portfolio or something like that. And they would be like, well, what are you talking about? I have no idea. Over the long term, yeah, you're probably better served with high quality. Assuming you can buy it at a fair price, a lot of times high quality companies are too expensive. You'll actually have not that great returns because you paid too much for them.
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