Larry Swedroe has recently written a great summary of a paper investigating the sources of the 12-year underperformance of value vs. growth for The Evidence-Based Investor. The paper was written by Rob Arnott and Vitaly Kalesnik of Research Affiliates, Campbell Harvey of Duke University and Juhani Linnainmaa of Dartmouth. It is available
What drives valuations?
What drives valuations?
What drives valuations?
Larry Swedroe has recently written a great summary of a paper investigating the sources of the 12-year underperformance of value vs. growth for The Evidence-Based Investor. The paper was written by Rob Arnott and Vitaly Kalesnik of Research Affiliates, Campbell Harvey of Duke University and Juhani Linnainmaa of Dartmouth. It is available