We share the 5 categories of private equity-style valuation mispricing’s we apply when searching for a diversified portfolio of good value investments and highlight some stock stories that fit these criterias.
Passive investors are being seduced into exposing their portfolios to unappreciated levels of concentration, while neglecting a range of undervalued equities as they chase benchmarks. While performance has been good over the short-term, things are about to get much harder.
Adrian Warner discusses the 4 key narratives around the underperformance of value stocks compared to growth stocks.
Why value has underperformed? We get back to fundamentals around how the discipline works when applied from a fundamental, bottom-up perspective and why it still has a place in portfolios.