Merryn Somerset Webb

We call you investor, a value investor.

And then other people call themselves growth investors.

And then we've been through this lengthy period until quite recently when people talked about investing in quality growth.

And that seemed to be an area that massively outperformed.

And people would talk about not worrying about price so much because they were invested in a quality company and it was growing.

Therefore, price was slightly by the by.

Now, that seems to be coming to an end or has come to an end.

And a lot of the quality growth investors have been having a pretty torrid time, which slightly brings us back to the idea that maybe all investing should be value investing.

And in the end, if you buy something overpriced, it's going to end up a value stock one day.

Yeah, 2010 to 2020, right, which coincided amazingly with guess what?

I mean, that doesn't necessarily tell you that you shouldn't look for high quality companies that you think will grow fast.

It just tells you that it's very risky to overpay for them.

I mean, the message is very simple.

Are you seeing any of that now as we move away from the idea that quality growth is it's okay to overpay and there's some of those stocks have done pretty badly or worse than expected.

Anyway, is there anything in there that you can now pick up and say this is quality growth and value at the same time?

Have you got a Costco card?

That's great.

You should go to Costco.

Strongly recommend.

Nice day out.