Well said. I was having coffee this morning with the manager of a >$1bn value hedge fund based in London, and we discussed something along these lines. He was saying that within his investment team, most of the analysts have shifted with the crowd to focus on GARP/quality. So even the value funds aren't immune to it!
Well said. I was having coffee this morning with the manager of a >$1bn value hedge fund based in London, and we discussed something along these lines. He was saying that within his investment team, most of the analysts have shifted with the crowd to focus on GARP/quality. So even the value funds aren't immune to it!
Not a bad time to look at deep value