Since 1926, there have been 15 recessions in the United States (including the Great Depression). These 15 recessions have lasted, on average, 13 months. During these recessions, value stocks tended to perform worse than glamour stocks, falling 5.5% per year on average vs. a 2.5% average decline for glamour stocks.
Read the complete research by the Brandes Institute
Also other reports:
Read the complete research by the Brandes Institute
Also other reports:
- Handout-Global Performance Following a Recession
- Handout-Dangers of Hiring and Firing Decisions
- Handout-Inflation vs. the Value Investor
- Handout-Value Investing During and After Recessions
- FOCUS-Does "Buy and Hold" Still Work?
- FOCUS-The Importance of Process
- Handout - GDP a Poor Predictor
- Handout-Good Companies Versus Good Investments
- Handout-Considering The Hidden Risks of Investment Managers