There is a reason you simply don’t just look for the cheapest doctor, unless results and service don’t matter to you. The same can be said about how your clients view your practice and the products you offer.
In today’s “low fee” environment, prospective clients need to understand what you offer is more about results than your fees. Similarly, finding stocks that are low in cost relative to last year’s earnings, book value or complex combination thereof (low price to something) is hunting for cheapness. From a portfolio construction perspective, cheapness has been an acceptable approach for decades, and likely will be again in the future. However, cheapness is not value. Cheapness works to the extent that enough cheap stocks also happen to have value in excess of their market price at the same time. But there is no reason such overlap must exist.
Value vs Cheap Replay
Please download any files you would like to keep as this page will only be available until the end of Q3 2019
VALUE VERSUS CHEAPNESS
Differentiate Your Practice and Performance:
• Why Most Active Managers Fail
• Value vs Cheapness
• Differentiate yourself through the use of our Valuation Equity Strategies.