We are fascinated by the empirical evidence showing that value investing has outperformed the market most of the time for as far back in history as the data allows us to see. It fascinates us because it seems counterintuitive that a well-known, simple process could survive for long without becoming so popular that it no longer worked. [dalio variation=”parity”] Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis AI Hedge Fund Robots Beating Their Human Masters There is hot debate about the cause of this…
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