Value Investing: Has it Gone Out of Style?

An article on the WisdomTree blog reports that the decade ending September 2018 was the “single worst decade in history” for price-book as a factor-sort of the market and asks, “Is value dead? Or do enthusiasts of the Russell Index family and the Fama-French Factor Model need to re-evaluate price-to-book ratio (P/B) as the primary metric used in defining value stocks?” The article cites comments by Fama-French in their seminal paper on factors: “there is… Read More