Does Your Grandmother Read The Intelligent Investor? Study Says Maybe

What are the typical profiles of Value and Growth Investors? Over the years, there have been multiple academic studies that have produced data to support the conclusion that over the long-term value outperforms growth. Data from the likes of Benjamin Graham and David Dodd and Fama and French are commonly cited in work praising value’s long-term success, while the careers of value investors such as Warren Buffett, Seth Klarman, Walter Schloss and Howard Marks only support the conclusion further. Is Home Bias Your Biggest Investment Mistake? [klarman] However, the answer to the question of why value outperforms other styles remains…