growth stocks

“Just because you lack diversity or independence doesn't mean they're wrong. And there's a subtlety there that's not insignificant. We're not saying that Amazon is mispriced. We're just saying the crowd's not very diverse. So if an event happens that challenges…”

“You don't need to, and you don't want to own growth stocks when there's plenty of growth. You want to own them when there isn't.”

“We may not snap back the 120% I would have calculated 20 years ago, but we are going to have a very big reversal in favor of value stocks sooner or later. I think we can be pretty safe about that.”

“So in late, twenty-twenty-two, as an example, we did a fifty-year analysis on the premium for growth. When analysts came to me in the middle of twenty-twenty-two and said, hey, this stock is cheap, it's back at pre-COVID multiples. I instinctively knew pre-COV…”