Mellody Hobson
speaker
121 appearances
1 recordings
1 series
first heard Dec 2020
last heard Dec 2020
Mellody Hobson’s voice in public audio — every appearance, attributed to the second.
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Appearances
That's what I feel like right now.
This market is all about anticipation.
And so that anticipation is really fueling this euphoria.
So are the fundamentals there?
One would say the market expects them to come and therefore they're willing to pay for them right now, especially because rates are so low.
No.
So first of all, understand that we're bottom up stock pickers and we always think it's a market of stocks, not a stock market.
There's always going to be value to be had.
It's just a question of focusing on it and finding it.
We believe right now that value is in abundance in value stocks, stocks that have been widely misunderstood, ignored or under followed by the market.
So there's a lot of untapped value there.
We also think the value is in smaller cap names.
The big stocks have dominated.
Over long periods of time, smaller companies and undervalued names outperform.
This last decade has been just the opposite.
Over the last decade through September, the S&P 500 of the biggest companies out there, again, fueled by the FAANGs plus Microsoft,
has appreciated on average about just over 14%.
Meanwhile, small companies that are value stocks, the Russell 2000 value over this last decade have appreciated about 7% per annum.
That is the exact opposite of how it's supposed to work.
Typically, smaller companies grow faster than bigger ones.
Showing 61–80 of 121 · page 4 of 7
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