Morningstar SmartInvestor: Value Investing – When History May Not be Enough

Finance professors are historians. Because their research must withstand tests of statistical significance, it typically is conducted over prolonged time periods. Consequently, they also tend to distrust growth stocks. The broad view informs them that today’s champions become tomorrow’s also-rans. Competitors arise, while winners grow complacent. CLICK HERE TO CONTINUE READING MORNINGSTAR’S ARTICLE

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Morningstar SmartInvestor: Value Investing – When History May Not be Enough

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