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
It's harder to grow a big business.
And over the long term, that is what we would expect to occur again.
So we say the pendulum has swung too far.
That pendulum will swing back, not just because of mean regression, just what we should expect of investment returns by asset class over time, but also we looked at a whole host of things.
We looked at the last 14 economic recoveries since the Great Depression, value led out of all 14 of them across all sectors.
We also know that value performs well during periods when profits and interest rates are both accelerating.
Now, a lot of people say rates are going to stay low.
We're not so sure.
Everything is priced for today and for perfection.
But there's a chance we'll come out of this pandemic and demand and supply will be very off.
And we might see prices go up and more inflation than people expect.
There's a chance.
And as a result, the Federal Reserve may be led to raise rates, which, again, benefits value companies versus the growth companies.
Also, just one other point, which is why we're sort of putting our stake in the ground, that we believe if we look at the next 10 years.
we're gonna see a reversal of fortunes.
That doesn't mean these stocks will crash.
We're just saying value and smaller companies will do better.
And we think that that will happen also because as I've already suggested, the expectations for growth are just out of the stratosphere at this point.
And the expectations for value are just so low.
These value stocks are basically like orphaned companies.
Showing 81–100 of 121 · page 5 of 7
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