The G-Spot: Going Gaga For Growth

Value investors: Read it and weep. Since 2010, value stocks have not only underperformed the overall market, they’ve been trounced by growth-oriented stocks. For example, the Russell 1000 value index rose 87 per cent during this period compared with the general market which gained 171 per cent. Value performance looks even worse when compared to that of fast-growing companies with high price-to-book ratios, one classic measure of value. Since January 2020, high-flyers have risen 20...