Short article - worth a read if you participate in the value v/s growth debate.
https://www.morningstar.co.uk/uk/new...e-tragedy.aspxHe said Warren Buffett’s “extraordinary grip” was partly to blame for many investors missing out on the inexorable rise of many of Anderson’s favourite growth stocks. Anderson said a strategy of rebalancing towards value in the hope it would outperform was “an investment tragedy”.
Anderson added: “As Buffett’s brilliant partner, Charlie Munger, puts it with the clarity of a 96-year-old. Too many investors are ‘like a bunch of cod fishermen after all the cod’s been overfished … that’s what happened to all these value investors. Maybe they should move to where the fish are’.”