This presentation by Vincenzo Boin makes the case of a value investing approach to manage an equity portfolio. Such an approach is suitable for long term risk-averse investors.

“We should remember that there is a large body of research stating that on average value stocks do outperform growth, the result is more pronounced with small stocks but also present with large stocks” (see Louis K.C. Chan and Josef Lakonishok, JFA , July/February 2004)

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