When it comes to stock picking, every manager has different philosophies. Even value investors use different approaches to the traditional concepts originally developed by Benjamin Graham.
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At Value Invest New York 2025, Andrew Wellington of Lyrical Asset Management shared his presentation entitled “Finding the Gems Amid the Junk.”
Why the goal isn’t to own the best companies
According to Wellington, the goal in investing isn’t to own the best companies. Looking back historically, he pointed out that the cheapest stocks have significantly outperformed the S&P 500.
Going back to 1979, when the S&P 500 Value and Russell 1000 Value indexes were born,...
