Exclusive: Lee Ainslie thinks value stocks will stage a comeback soon as market nears dangerous valuation levels

As growth stocks continue their staggering run, we are hearing more and more comparisons between the current investing environment and the 2000 tech bubble. Lee Ainslie of Maverick Capital argued in his 2019 letter to investors that the current situation strong resembles early 1999 rather than late 1999, an important distinction for several reasons. He also warned that the market is sitting in a delicate balance that has created “investment nirvana for speculative growth stocks and bond equivalents.” Party like it’s 1999 In his 2019 letter to investors, which was reviewed by ValueWalk, Ainslie offered several comparisons from analyses they…