Is Value Investing Broken?

Is the performance drought in value during the past decade simply a temporary lull or something more persistent?

Susan Dziubinski 11 September, 2017 | 10:24AM

"Value has been crushed over the past decade," admits John Ameriks, head of Vanguard's quantitative equity group. "There’s no magic strategy that's always going to work. But if you believe in this flavour of investing, it's been getting more attractive on a go-forward basis."

Buying cheap stuff that stinks can be the best investment in the world

It has not been easy to be a value investor lately. The Morningstar US Growth Index has whipped the Morningstar US Value Index during the past several years, and things have been especially rough this year.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amazon.com Inc2,478.40 USD0.24

About Author

Susan Dziubinski

Susan Dziubinski  Susan Dziubinski is senior product manager with Morningstar.com.

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