This is the hope of investors in cheap—or “value”—stocks: One day, eventually, they won’t be so cheap. For many decades, over long periods, this generally worked, and value investors made money. There used to be a fierce debate about exactly why. Value stocks have been having a great few weeks, after a truly miserable time during lockdown. So it is time to exhume this ancient argument.

Source: Wall Street Journal June 09, 2020 11:15 UTC