The False Syconomy of Value and Growth

The camps of value and growth developed nearly the same fervent adherents as rival political factions. You pledged allegiance to one or the other, and so went your future investing actions. This contrast of viewpoints has created extraordinary opportunities for discussion and learning. There is no such thing in our minds as value and growth investing. It just so happened that considerable opportunity existed for them in the cigar butt arena at the time they operated.