John Husselbee: Can value break the genie's fourth rule?

A genie outlined three rules to his new master: no wishing for anyone's death, no making people fall in love and no bringing back the dead. The master's first wish was for value to outperform, to which the genie replied: "There are four rules." Value investors might feel that the universe has been against them recently, particularly with the stratospheric rise in US technology stocks. However, this is not another ‘what might spark a value recovery' article; indeed, many value managers have admitted that hoping for particular catalysts to drive a renaissance is likely to be fruitless at t...