Why is value such bad value? Value investing – buying stocks that look cheap relative to their fundamentals – has always paid off in the long run. Since the collapse of Lehman Brothers in 2008, however, value obdurately refuses to perform.
為何“價值”如此不受重視？從長遠看，“價值投資(value investing)”——即買入與其基本面相比價格被低估的股票——總會獲得回報。然而，自2008年雷曼兄弟(Lehman Brothers)破產以來，“價值投資”一直表現不佳。
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