Is the Recent Underperformance of Value Investing a Temporary Phenomenon?

The natural state for the value investor is one of scepticism. Our default reaction is to be deeply dubious when we hear this time it's different. This mind set should be paired with a deep curiosity, openness to new ideas and willingness to learn before forming e. When innovations work, it's only later that what first seemed crazy becomes consensus. i'm not yet informed enough to form a firm view on cryptocurrencies. In the spirit of open mindedness, i'm striving to learn. Until i do, i'll be referring all requests for comments on the subject to andrew, although i'm sure he'll decline.