Joel Greenblatt on Relative Value Investing (Podcast)
Masters in Business
00:00
Innovation Refunds - What Are Your Thoughts on Value Versus Growth?
Growth has been doing so well relative to value over the past 10 years. Value is presented an opportunity to shine because it apparently needs less capital. Low price book, low price sales and momentum are all things that in the past had correlated with good returns. We're not looking for correlation, we're trying to buy stock at a discount.
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Transcript
