The article states that, in 2009, growth stocks were trading at valuations similar to value stocks. I think a value investor would say they were better value for the money at that time, and were actually the value stocks . As a value investor, I don’t use the definitions of growth and value stocks used to define these types of indexes. I hesitate to provide the oft-repeated quote of Warren Buffett to the readers of the CFA blog; but perhaps it will be of benefit to some newcomers, so here goes: “Growth and value are two sides of the same coin.” Buffett also said something to like growth and value are joined at the hip.
The article states that, in 2009, growth stocks were trading at valuations similar to value stocks. I think a value investor would say they were better value for the money at that time, and were actually the value stocks . As a value investor, I don’t use the definitions of growth and value stocks used to define these types of indexes. I hesitate to provide the oft-repeated quote of Warren Buffett to the readers of the CFA blog; but perhaps it will be of benefit to some newcomers, so here goes: “Growth and value are two sides of the same coin.” Buffett also said something to like growth and value are joined at the hip.