In a thought-provoking presentation by Dan Ferris at ValueX Vail in June 2017, the battle between value and growth investing strategies was explored, intertwining historical anecdotes and modern-day observations. This article provides a neutral and informative summary of the presentation, delving into the seven traits that often accompany manias, the challenges faced in choosing between value and growth, and a specific sell short recommendation for Brinker International (NYSE: EAT).
The presentation started by acknowledging the tough times investors faced over the past eight years, highlighting the cyclicality between growth and value stocks. Historical trends in the late 1990s and early 2000s were examined, where growth stocks dominated the market before giving way to value stocks in the mid-2000s. This ebb and flow between value and growth continued to intrigue investors, leading to the question of whether it was time to roll the dice and shift investments once again.
Presentation summary generated by ChatGPT