Loeb: Dogmatic Deep-Value Focus Caused Widespread Investor Underperformance
Dan Loeb · Legendary Investor Dan Loeb on AI, Credit, & Third Point’s $25B Strategy · Invest Like The Best · May 28, 2026 · at 10:41
Dan Loeb, founder and CEO of Third Point, reflects on the evolution of hedge fund strategies and why rigid deep-value managers struggled over the past decade.
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“I think if you look at a lot of the people who have underperformed or haven't survived the last decade or so, when people are really stuck on the idea of deep value, low multiples, and being really stubborn about How they viewed businesses and less flexible about moving into higher multiple companies or growthier companies.”
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