#31: Rob Arnott On Engineering A Better Index
Superinvestors and the Art of Worldly Wisdom
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The R Achilles Heel of Value Traps
In the next bear market, do you expect value stocks to perform as well as they did from that 2000 to 2002 period? Do you expect we might see a similar outcome this time? Keep in mind the valuation spread between growth and value at the peak of the tech bubble was the widest ever. Value is not struggling to beat the market. Value is lagging by at least 300 basis points.
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