3min chapter

Stansberry Investor Hour cover image

Our 300th Episode Mailbag Special, Plus the 'Godfather of Fundamental Indexing' Rob Arnott

Stansberry Investor Hour

CHAPTER

The Value Alpha Is Unreliable, but You Can't Be Giddy

Raffi underperformed growth by 4,000 basis points in two years during the tech bubble. The value alpha is unreliable and can go into periods of deep disappointment. If you're earning a rebalancing alpha, then you're making money by rebalancing against the market's mistakes.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode