On value investing

Has the discord of value destruction died down yet? Probably not, because when banks (in particular...

Has the discord of value destruction died down yet? Probably not, because when banks (in particular) screw up they rarely admit it - they will next evacuate their commercial bad lending at the public's expense, blaming a credit crisis of their own making. But although much economic rubbish has to be dumped, the world has not come to an end. After a disquieting pause, value investing can re-emerge. To manage that well will require renewed focus on researched convictions. That needs good managers and good boards. Over the next year or two, value will once more become exciting, partly ...