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The outperformance of value stocks over growth stocks has been well documented over the last 90 years [see chart in link below]. However, if you had only invested in value stocks based on this history over the last 15 years, you wish you had never seen this chart.
From 2007 until the end of 2021, 15 calendar years, the S&P 500 Value Index ("Value Index") outperformed the S&P 500 Growth Index ("Growth Index") in only 3 years. One year was essentially a tie. And the remaining 11 years saw growth beat value. Moreover, the cumulative total return during that period was 356% for the S&P 500 Index, while the Growth Index returned 553% and the Value Index returned only 199%. A complete rout.
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