Content Library


""

Catalyst for Change: Growth Expectations

Another potential catalyst for the shift from growth to value: (Irrationally) exuberant growth expectations revert to normal.
catalyst for change

Catalyst for Change: Interest Rates

If interest rates stop falling (even if they don't rise), we believe multiple expansion for growth stocks will end.
Catalyst for Change: Recession

Catalyst for Change: Recession

Value stocks have historically outperformed on average both during and subsequent to a recession.
Catalysts for Change

Catalysts For Change

Consider these four possible catalysts that could already be signaling a shift from growth to value.
Small Caps are Cheap, Small Cap Value is Even Cheaper

Double Dipping: Small Cap Value

Small cap stocks are cheap; small cap value is even cheaper.
Questioning Conventional Wisdom on Risk and Return

Questioning Conventional Wisdom on Risk & Return

How should we measure risk? We question short-term volatility as a proxy for long-term risk.
Global Banks: Resilience in the Face of Crisis

Global Banks: Resilience in the Face of Crisis

Against the volatile backdrop of today’s economic environment, bank stocks stand out.
Extreme Discounts in Oil Services

Extreme Discounts in Oil Services

Difficult market environments = fuel for value investors.
Volatility Wide Spreads and Value Stock Returns

Volatility, Wide Spreads, and Value Stock Returns

History suggests that in times of uncertainty, investing in undervalued companies pays off long term.
Value Outperformance Following Extreme Volatility

Value Outperformance Following Extreme Volatility

Extreme volatility has historically been conducive to small cap value outperformance.
Recent Events Have Set up a Classic Value Opportunity

Recent Events Have Set up a Classic Value Opportunity

Valuation spreads between the cheapest and most expensive stocks are at or near all-time highs.
Value Stocks Lead the Way

Initial Stages of Recovery

Following each of the last five bear markets, value stocks outperformed one year from the trough.
Bear Markets Recoveries and Value Stocks

Bear Markets, Recoveries, and Value Stocks

In the midst of heightened investor fears, it's helpful to examine the historical context of recoveries.
A Value Allocation to EM

Thinking Strategically About a Value Allocation to Emerging Markets

A valuation-based approach has worked better in emerging markets than the developed world.