The time has come for me to address one of those ‘elephants in the room’ that lies beneath the many meanings of a single word. In investing, we often talk about growth investing, but unlike value investing, where there are differences in how to measure ‘value’ but there is at least a commonly accepted definition of what ‘value’ is, there is no such common definition of what the word ‘growth’ in growth investing means.
Kudos, you definitely reached and changed one mind today. I was one of the investors mentioned in the last sentence. Thanks for bringing this to my attention.
Excellent post. I wonder how much of the outperformance of practitioners'-growth is caused by stocks that are in the value growth, but they actually grow. Anecdotally, some of the best performers I know were value stocks that grew their revenue/EPS/FCFPS...
Kudos, you definitely reached and changed one mind today. I was one of the investors mentioned in the last sentence. Thanks for bringing this to my attention.
And as always: Great post, keep it up!
Excellent post. I wonder how much of the outperformance of practitioners'-growth is caused by stocks that are in the value growth, but they actually grow. Anecdotally, some of the best performers I know were value stocks that grew their revenue/EPS/FCFPS...