Brandon Hobson, speaking on a Practice CFO episode, contrasts growth and value equity strategies: he notes that while growth outperforms during certain multi-year periods (e.g., much of 2010–2021), value has historically outperformed growth over the long run (he states "over the last 100 years"). The clip emphasizes decade-level reversals and the importance of a long-term horizon.
If you're trying to, you know, kind of break down the equity between growth and value, there's certainly periods of time where growth can outperform value, and vice versa, where value outperforms growth. However, over the long run, and by that I mean over the last 100 years, value has outperformed growth over the long run. Like I said, 10 year increments, if you break it down, they'll be like, for example, the last decade, you know, 2010 through 2020, and even the first part of this 20, probably 2021 and 2022 was the big reversal year for growth. 20 that where tech absolutely just got hammered. But before that, from 2,010 till I think 2,021, that was the place to be. When you kind of go more macro and expand it out and extend your time period, you end up at being value is always the best option. Right.
