Rewatch webinar: Growth vs value debate 'too simplistic' as pandemic lingers

Client services manager Lucy Haddow said while the growth vs value argument was "an important one to have" the concept of mean reversion was "dangerous". Mean reversion assumes that a stock's price will move to an average over time. Speaking at Professional Adviser's Working Lunches event, Haddow said: "We don't believe that starting with the idea that growth is fully valued is a sensible starting point. We understand the challenge. There is every chance that we will see underperformance as expectations moderate for some of these very disruptive businesses. "The concept of mean rev...