The Value Factor

When i started in business in 19 90, the two most popular books a on the new york times a business list were all about restructurin. By the early 19 nineties rolled around, you've had all these dirt cheap, cigar butt companies that were the corner stone of pama analysis have been bought. And so the opportunity set was gone. So when we're looking at like, a hundred years of data about the value factor, do you think, h that was an anomaly? No,. but i don't trust the data or the analysis at all.