The Value Perspective: Can value investors profit from tech companies?

In the 70 years since Benjamin Graham wrote The Intelligent Investor, value investing has outlived more premature obituaries than the entire Avengers team of superheroes put together. The latest in a long line of arguments as to why ‘this time it's different' - this time -  is that the strength and scale of modern technologically-driven business models is apparently a game-changer. As an example, we recently read one highly respected UK-based investor making the case that growth's significant outperformance of value over the last decade or so could no longer be considered an anomaly. ...