Cheap stocks in the long run tend to outperform, but there’s value and there’s value. John Authers looks at two different kinds of value – the “patient” and the “brave” – and finds the sectors and countries where most value is to be found.
The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More