Value investors relish their role as the market's skeptics. No high-flying glamour stocks for them. They seek out unloved companies at bargain prices, sit tight and wait for the crowd to come to its senses. But what happens when, like today, value investing works so well that everybody becomes a convert - when investors turn exuberant about, of all things, being sensible?
You start to get some eerie reminders of the bubbly days when everyone "knew" that the future belonged to high-growth tech stocks. If you remember how that ended, you might be a little concerned about the parallels.
[url=http://money.cnn.com/2006/08/17/pf/funds/valuebubble.moneymag/]Read the complete report[/utl]
You start to get some eerie reminders of the bubbly days when everyone "knew" that the future belonged to high-growth tech stocks. If you remember how that ended, you might be a little concerned about the parallels.
[url=http://money.cnn.com/2006/08/17/pf/funds/valuebubble.moneymag/]Read the complete report[/utl]
