At today’s Ivey Ben Graham Centre’s 2025 Value Investing Conference, held in Toronto, value investor Dr. Josef Lakonishok delivered a powerful and data-driven talk titled “Opportunities in Equity Markets.” The co-founder and Chief Investment Officer of LSV Asset Management, Dr. Lakonishok brings decades of experience in both academia and portfolio management.
In a market shaped by index dominance, AI exuberance, and geopolitical uncertainty, Lakonishok’s core message was clear: value investing is not dead—it’s misunderstood, underutilized, and currently ripe with opportunity.
Outline of the Presentation
- Where are the opportunities?
- The dominance of the Top 10
- Reversals after poor performance
- Are money managers adding value?
- Persistence in growth