Name: 什麼是最好的股票投資策略？| 圖表計算 (What's the best stock investing strategy? | Charts that Count)
Uploaded: 2021-01-14T09:55:05.000Z
Duration: 2 min 56 s
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It's one of the oldest debates in stock market investing.

關係子句

are generating lots of cash now and to buy those companies

Or is it better to own companies with great growth potential

that will generate lots of cash further into the future?

This is the debate known as value versus growth.

that the growth stocks have solidly outperformed value

as tech stocks like Amazon and Apple have outperformed.

The same $100 invested in the value index,

which features cyclical stocks in banking and in energy,

Why have growth stocks outperformed so spectacularly?

Part of the reason is that over the last decade

And when interest rates fall the discount applied to future cash

In other words, lower rates means money tomorrow is worth

Recently, however, the trend has reversed.

at but over a much shorter time span, just a few months.

And as you can see, here, it's the value stocks

almost twice what the growth stocks have provided.

Interestingly, there are two almost opposite interpretations

because of optimism about the performance

of cyclical stocks, again, such as banks and energy companies.

If the economy is going to continue to be strong,

then these cyclical stocks should do well.

The second interpretation is much more pessimistic.

On this view, the outperformance of value

about the economic future are moving towards companies

but the interpretation is anything but clear.