Forget the fads, go for more balance

It's an easy mistake to make. You are getting dressed to go out, looking extremely stylish. However, you are just a little bit out of touch. Your friends immediately spot your 'stylish attire' as the trappings of a fashion victim. In 1999 and early 2000, being a growth investor was not so much a matter of style ' a conviction deeply rooted in detailed methodology ' but of fashion, where the primary motivation was that everybody else was doing it. Now things have gone the other way and we have seen a sharp outperformance of a value style, but only a few value investors are style driven...