Cash is still king. [munger] UBS’s Global Quantitative Equity Strategy research team published a research note yesterday which asked a question that value investors have been asking for years now: What happened to Value, and when will it return? As the title implies, the note looks at the recent performance of value as a strategy. The report also considers why value seems to have stopped working, and if it might return. Further reading: FANGs Set To Underperform During 2016: Buy Value The S&P 500 Will Hit 3,500 By 2025: It’s Time To Buy Value Is Value Set For A Comeback?…
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