Why is value such bad value? Value investing – buying stocks that look cheap relative to their fundamentals – has always paid off in the long run. Since the collapse of Lehman Brothers in 2008, however, value obdurately refuses to perform.
为何“价值”如此不受重视？从长远看，“价值投资(value investing)”——即买入与其基本面相比价格被低估的股票——总会获得回报。然而，自2008年雷曼兄弟(Lehman Brothers)破产以来，“价值投资”一直表现不佳。
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