What’s Behind Value Investing’s Long Losing Streak?

So there is more at stake than just taking investors’ portfolios seriously, although their frustration cannot be overstated. To fully appreciate failure, you should know what the track record of value looks like before this challenge begins. From 1926 to 2006, the longest record was available to investors in 2007, the cheapest 30% of US stocks, based on price-to-book ratio and by market value, far outpacing the expensive. at least 30% 4.5 percentage points a year, including dividends, according to figures compiled by Professor Ken French of Dartmouth.