, Columnist
The Death of Value Has Been (Slightly) Exaggerated
A historic period of underperformance suggests it’s a broken tool for stock selection. It can be fixed.
Broken tools can be repaired.
Photographer: Judy Radovsky/Getty Images
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It seems a fact of life in the post-crisis era. Value isn’t as valuable a tool for investors as it used to be. Why? And will it finally recover? The debate among investors and financial academics is growing intense.