Old style value investing doesn’t work anymore, says Damodaran

In an interaction with ETNow, he said value and growth investing has become a very lazy categorisation of investing. “The former style lost out to the latter over the last decade. Stocks with low price-to-earnings (P/E) ratios and high dividend yields have been hurt the most,” he said.

Often referred to as the 'Dean of Valuation’, Damodaran said as an investor one should not convince oneself that he is right and the rest of the world is wrong. “I think book value has completely lost its ..

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