Is value investing dead? These managers don’t think so

For quite some time, value has been losing out to growth, and as a result, many have been wondering whether value investing is dead. At the Morningstar Investment Conference, Chuck Bath of Diamond Hill Capital Management, Ramona Persaud of Fidelity Investments and David Wallack of T. Rowe Price offered some insights into their value investing processes.

Q2 2020 hedge fund letters, conferences and more

What are value stocks?

They kicked off the discussion with an explanation of value stocks. Wallack said value investing requires investors to understand the intrinsic value of a company apart from its stock market value. He said the intrinsic value is determined by the discounted value...