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The Importance of Value Investing
Growth companies often get caught up in the hype cycle where there becomes a phase when the company executes very well, its stock price goes up and then the stock price continues to go up. However, if you can if you can do that successfully, you can earn life changing returns on some of those investments. We saw exactly that thing, exactly that play out over the last three years in a fast forward phase given the huge boom that we saw in 2020 and 2021 and the ensuing bust that we saw throughout 2022.