{"id":198046,"date":"2023-10-24T10:45:00","date_gmt":"2023-10-24T14:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=198046"},"modified":"2023-10-24T11:08:29","modified_gmt":"2023-10-24T15:08:29","slug":"is-value-investing-dead","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/contributor-podcasts\/is-value-investing-dead\/","title":{"rendered":"Is Value Investing Dead?"},"content":{"rendered":"\n<p>With value investing now having struggled for over a decade, many are questioning whether the strategy has become permanently broken. In this episode we examine the arguments against value investing both from the perspective of a quant investor who builds value strategies and a financial planner who uses them. We look at the different types of value strategies and why value isn\u2019t just buying the cheapest stocks. We then get into the arguments against value and discuss whether value\u2019s popularity has destroyed its outperformance, if the Fed and market cycles have broken value and if technology\u2019s dominance can explain the struggles of the past decade.<\/p>\n\n\n\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/is-value-investing-dead-a-quant-and-a\/id1670513515?i=1000632256062\" target=\"_blank\" rel=\"noreferrer noopener\">Listen on Apple<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/open.spotify.com\/episode\/6k3m7U68RENIU32AkqxQWD\" target=\"_blank\" rel=\"noreferrer noopener\">Listen on Spotify<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0\" target=\"_blank\" rel=\"noreferrer noopener\">Watch on YouTube<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=138s\" target=\"_blank\" rel=\"noreferrer noopener\">02:18<\/a>&nbsp;\u2013 Michael Mauboussin and the broad definition of value<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=279s\" target=\"_blank\" rel=\"noreferrer noopener\">04:39<\/a>&nbsp;\u2013 Graham, Buffett and Bill Miller value<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=361s\" target=\"_blank\" rel=\"noreferrer noopener\">06:01<\/a>&nbsp;\u2013 Value and the melting ice cube<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=613s\" target=\"_blank\" rel=\"noreferrer noopener\">10:13<\/a>&nbsp;\u2013 Putting the struggles of value in context<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=809s\" target=\"_blank\" rel=\"noreferrer noopener\">13:29<\/a>&nbsp;\u2013 Is multiple expansion still a thing?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=928s\" target=\"_blank\" rel=\"noreferrer noopener\">15:28<\/a>&nbsp;\u2013 The widening of value spreads<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=1035s\" target=\"_blank\" rel=\"noreferrer noopener\">17:15<\/a>&nbsp;\u2013 The voting machine and the weighing machine<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=1349s\" target=\"_blank\" rel=\"noreferrer noopener\">22:29<\/a>&nbsp;\u2013 Value needs some good storytellers<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=1473s\" target=\"_blank\" rel=\"noreferrer noopener\">24:33<\/a>&nbsp;\u2013 Why value investing works<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=1825s\" target=\"_blank\" rel=\"noreferrer noopener\">30:25<\/a>&nbsp;\u2013 Did the Fed kill value investing?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2034s\" target=\"_blank\" rel=\"noreferrer noopener\">33:54<\/a>&nbsp;\u2013 Value and quality<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2080s\" target=\"_blank\" rel=\"noreferrer noopener\">34:40<\/a>&nbsp;\u2013 Are there too many value investors?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2201s\" target=\"_blank\" rel=\"noreferrer noopener\">36:41<\/a>&nbsp;\u2013 Has big data killed value?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2270s\" target=\"_blank\" rel=\"noreferrer noopener\">37:50<\/a>&nbsp;\u2013 Is value a bet against technology?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2546s\" target=\"_blank\" rel=\"noreferrer noopener\">42:26<\/a>&nbsp;\u2013 Has a less volatile economic cycle hurt value?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2608s\" target=\"_blank\" rel=\"noreferrer noopener\">43:28<\/a>&nbsp;\u2013 Is value investing dead?<\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=I0M008tMAK0&amp;t=2843s\" target=\"_blank\" rel=\"noreferrer noopener\">47:23<\/a>&nbsp;\u2013 How a financial planner views the value debate<\/li>\n<\/ul>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 23, 2023 &#8211; <a href=\"https:\/\/blog.validea.com\/is-value-investing-dead-%f0%9f%98%a8\/\">Is Value Investing Dead?&nbsp;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode we examine the arguments against value investing both from the perspective of a quant investor who builds value strategies and a financial planner who uses them. <\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[455,18,6,13857,8,9,22,26,3],"tags":[460,16161,2014],"contributors-categories":[13819],"class_list":{"0":"post-198046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-contributor-podcasts","7":"category-macro","8":"category-north-america","9":"category-podcasts","10":"category-region","11":"category-securities","12":"category-stocks","13":"category-text-articles","14":"category-traders-insight","15":"tag-podcast","16":"tag-validea","17":"tag-value-investing","18":"contributors-categories-validea-capital-management"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - 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