Tobias Carlisle - Realism Over Idealism in Value (S4E9)
Flirting with Models
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Is Value Not Cheap?
value is not cheap on an absolute basis. Value seems to be having a run, or there's this sort of view that values are having a run. But i don't know that this is a unique period. Think that every, every moment in the market feels unique is unique. It probably rhymes with something else. I think that it's some, as we discussed eliot to it's a small, cheap, junk rally. And so deep, being long only small and micro cap, is a huge beneficiary,. cause it ches small, and it catches cheap. It's junk. If you look at spy or something like that, it looks pretty oth on the surface.
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