Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]
Invest Like the Best with Patrick O'Shaughnessy
Growth and Value - Is That Really the Case?
Growth and value are really not all that different, but i wonder if another way of saying growth and value is low and high expectations. We know what we know about forecasting conlectthe the psychological biases. This is another category that we know that forecasting in markets is exceptionally hard. And now you've got company's average life span and indexes at ten or 15 years. So things seem to be speeding up.
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