Is There a Resurrection of Value Investing?

Value investing doesn't have to be about low valuation metrics. Value can be found in many forms, including high tech companies that are widely considered to have unusually bright futures. Not all companies expected to grow rapidly will do so, but it's very hard to fully appreciate and fully value the ones that will. If you find a company with the proverbial license to print money, don't start selling its shares simply because they've shown some appreciation. You won't find many such winners in your lifetime, and you should get the most out of those you do find.