The Acquirers Podcast
Value After Hours S05 E31: Corey Hoffstein on Value, Return Stacking, 60/40 Stocks and Bonds
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Value investing's performance is not solely dependent on market timing, but also influenced by other factors, such as company quality.
- Timing the market and predicting economic cycles with certainty is extremely difficult, if not impossible, and long-term strategic allocation is more important than short-term timing strategies.
Deep dives
Understanding Value Investing and Its Performance
The podcast episode delves into the performance of value investing and explores why it has been underperforming. It is revealed that value investing experienced a strong rebound in mid-2020 after a period of underperformance. However, this rebound lost steam quickly. The episode analyzes various factors contributing to the episodic nature of value investing, including the spread of value, market cycles, and the presence of risk factors. It is suggested that value investing's performance is not solely dependent on market timing, but also influenced by other factors, such as company quality. The discussion highlights the potential challenges of timing market cycles and the importance of having a long-term perspective in value investing strategies.
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