Value works, even if you’re unemployed and live with your parents
Value investing has fallen out of favour. It's time to remake the case for going against the grain
Hey, you are reading the guest segment of Investment Talk, where I invite friends of the newsletter to share thoughtful essays, conduct interviews, and collaborate.
Today’s guest essay comes from, author of the Little Book of Big Bubbles, a fund manager, and owner of the newsletter. Edmund is someone I’ve had the pleasure of interacting with for years now. He has a wealth of experience across public and private markets, having worked in hedge funds, mutual funds, and venture capital, and I have come to appreciate his sharp wit and deep knowledge of markets and accounting. If you find Edmund’s work valuable, you might be interested in the interview I conducted with him back in 2022 where we discussed what “value” really means, correlation and standard deviation, luck & skill, the delivery business, bubbles, and a lot more.