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When the olden ones fall: does the market punish value investors?
For more than a decade, low interest rates allowed growth firms to dominate while value, dividend, and defensive strategies fell behind. Now the AI-driven surge led by a few mega-caps has heightened concerns about concentration risk. With higher rates restoring the importance of cash flow, traditional approaches are regaining relevance. Growth leaders still outperform, but the gap is no longer widening, hinting at a subtle shift back toward steadier, cash-rich businesses.
Levente Juhász
2 days ago5 min read
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