Did Value Really Stop Working? Looking at Equities Through a Clean Lens
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.
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
Host
Mo Sparks
Director, Exchange Traded Products New York Stock Exchange
CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.
SPONSORED BY:
Not able to attend the live event? Archived versions of webinars from WealthManagement.com are available for viewing On Demand shortly after broadcast. Register today and you will receive an email with login instructions as soon as the replay is available.
Follow us to get the latest updates
Periodically, WealthManagement.com will inform you of special events, products and other offers that we believe you will find helpful in your business or career. To STOP receiving promotional e-mails from WealthManagement, please click here.
WealthManagement | Informa | 605 Third Avenue, 22nd Floor, New York, NY 10158 | Privacy Statement