From the desk of Willie Delwiche.
I had a chance to catch up with my friend Dave Keller this week. We talked about the overall market environment, touching specifically on market breadth and the implications of an accelerated tightening cycle by the Fed. You can check out a replay of the entire conversation here.
At one point, Dave asked me about my perspective on one of the most important questions facing investors right now. It’s about labeling oneself as either a growth investor or a value investor, and how to operate within that framework in the current market environment.
It’s important because it is pervasive. It’s important because it can be expensive.
It’s important, but it’s also weird, leading investors to discount reality and operate within narratives.