Kevin Murphy: Four reasons why value investing really is not dead

Rarely has the opportunity for value investors been more compelling than it is today. This is the strong belief of every member of The Value Perspective team and an argument you are likely to be well aware of, if you have spoken to us or read our views in recent months. Something we in turn are keenly aware of is we were arguing something very similar six months ago, a year ago, two years ago … which begs an obvious question: If we keep saying value investing will do very well when markets turn in its favour and markets continue on the seriously growth-oriented path they have stuck to...