Value investing, simply and traditionally defined, has not delivered for investors since 1990. Can buying cheap stocks really have failed so miserably? The answer is No, and the reasoning behind the answer is rooted in the transition our economy has undergone, and the GAAP-mandated accounting for value-creating activities in today’s economy. When viewed through a clear lens, not only has value as a strategy continued to work for equity investors, but measuring valuation (and risk) correctly answers some other important questions we all have been asking.
Attend this webinar and you will learn:
- The legacy of value investing and what it was and was not intended to be
- The change in our Economy over the last several decades and how GAAP rules are mandated to recognize (or miss) the creation of assets in today’s world
- Why PE and PB ratios lost their comparability, across industries and across time
- How equity benchmarks are built, and why you might not be getting what is implied in their names
- How better measures of valuation address not only Value investing, but also questions around the performance of growth stocks and international investing
CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.
Sponsored by
Thomas Cole, CFA
CEO and Co-Founder
Distillate Capital
Mo Sparks - Host
Director, Exchange Traded Products
New York Stock Exchange