Growth stocks are on an uncommon roll as corporate profits chug on. But you might not want to bet on this long winning streak ending soon. In a landmark 1992 paper, Profs. Eugene Fama and Kenneth French published data showing that small and value stocks (originally defined as low price to book value) had beaten the market over many decades up to that point. Investors who tilted their portfolios toward value in response were rewarded, somewhat, in the years since then.

Source: Wall Street Journal May 06, 2019 01:52 UTC