Day: June 13, 2023

One month ago, I was privileged to speak at the London Value Investor Conference (LVIC). Fortunately for us, Ben Inker, co-head of asset allocation at Grantham Mayo Van Otterloo (GMO), kicked off the session with a presentation arguing that deep value stocks were historically attractive relative to all forms of growth stocks, and very compelling versus quality value stocks. Imagine how pleased we were to have strong academic/empirical evidence for the argument we made in Omaha at the University of Nebraska-Omaha’s Value Investor Conference. Our talk argued that this is a Ben Graham (hunt for deep value) moment, not a Charlie Munger (pay up for wide moat quality) moment. […]