Is Book Value Irrelevant?

There are two drop-dead great reads I’ve come across in the past few days that address a topic with big implications for value investing – maybe for all investing. This weekend’s Barron’s cover story asks the question of whether it’s time for value investing to start outperforming again. It’s been an okay strategy, quantitatively speaking, throughout the post-crisis period but relative ...

source http://thereformedbroker.com/2018/04/30/is-book-value-irrelevant/