FYI: Value investing is an investment philosophy that has been extensively discussed and examined at least since the days of Ben Graham, who popularized it as a discipline in the 20s and 30s. While there are some who are dismissive of its advantages as a long-term strategy, the historical evidence is compellingly clear: Cheap stocks beat expensive stocks over time (see our simulation study as an example). Of course, on a relative performance basis, value can be excruciatingly painful.
Regards,
Ted
http://blog.alphaarchitect.com/2016/05/13/how-portfolio-construction-affects-value-funds/#gs.wD0SWLQ
