Value was dead. Now is growth’s turn.
@Alvin Chow:
I was asked at the recent Maybank Invest ASEAN event, "is growth investing is dead."Ironically I was asked whether value investing was dead 3 years ago in another event. If I may help you recall, growth stocks were all the rage in the last few years. Many called the death of value because we were living in an age of disruption. Many companies were going to change the world and old ways of doing business were said to be obsolete.Value stocks were underperforming and investors dragged them down further by selling them and moved capital to growth stocks. Few cared about valuation. It was all about paying for future growth. Come Nov 2021. The tide changed. Easy money was retreating and rates were rising. The disruptive stocks began to crash. High growth rates were shunned because future value