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Joel Greenblatt on Relative Value Investing (Podcast)

Masters in Business

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The Traditional Definition of Value Will Come Back?

I don't buy the traditional definitions of value and growth. The reason that we overlap with value some of the times is because we're certainly not growth at any price. I think you should, a lot of managers, allocators view traditional value as an asset class. In a more limited way because people chase what works and it's clearly not been working traditional value.

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