Finance is in a funny place now. Corporate finance operates under the guidance of the NPV Rule. The NPV Rule provides the following guidance to corporate executives: To the extent a corporation sources investment opportunities […more]
Employing a strategy that is a little different from many of its peers, the value investor secured a mandate from GPIF — the world’s largest pension — in October, following a due diligence process that started that summer. Value has been underperforming since the global financial crisis, but started to come back in 2021. […more]
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