4.4 • 1.6K Ratings
🗓️ 2 September 2019
⏱️ 40 minutes
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One of the oldest, most basic strategies in investing is value investing, which, for lack of a better way to put it, means "buy stocks that are cheap." Value investing, a style associated with Warren Buffett, systematically attempts to uncover low-priced stocks. But by many measures, value investing hasn't been working recently, as high-priced growth stocks (think: technology) have trounced cheap stocks. On this week's episode, we speak with Chris Meredith, Co-CIO of O'Shaughnessy Asset Management about what's behind this underperformance, and why that may be coming to an end.
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0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
0:13.8 | insights and actionable strategies. We'll have senior government |
0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
0:26.0 | Register at Bloomberg Live.com slash Canadian Finance slash radio. Hello and welcome to another Wiesenthal. |
0:45.0 | So Joe Wiesenthall. |
0:48.0 | So Joe, when you think about value investing, |
0:52.0 | what springs to mind? I guess probably immediately the |
0:57.2 | image of Warren Buffett floats into my head as soon as I hear that term or maybe |
1:01.7 | that big Benjamin Graham book |
1:04.7 | that I bought when I was like early on in my career |
1:07.8 | and never read, but it's like one of the most famous investing books |
1:10.8 | about how to invest like how they did back when they bought like the bonds from |
1:14.3 | Brooklyn Railways and stuff like that. At least you're honest about it but I think |
1:19.2 | for most people it's definitely that image of Warren Buffett and someone sort of seeking out these undervalued |
1:26.2 | stocks in the market that are going to generate longer term gains and making loads of money from it. |
1:31.9 | That's sort of the classic value investing paradigm. |
1:35.7 | Yeah, and I think like when I first became aware |
1:39.9 | of how the world of investing worked, |
1:42.0 | I sort of thought that was essentially the essence of it, that you're |
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