Psychologically it is damn difficult to change a winning formula.
I think it is the case study example that John put out in the article that stuck in my mind because its the second order of traditional cheap value investing. Nowadays, this is dismissed compared to growth investing, momentum investing, market-cap index tracking approaches.
But my observation is that value investing (not the quality/high profitability one) works its just that not many people want to do it or can do it.
But that may be the ideal playing field for those interested.
Post Comment