The quant industry has historically mislabeled the 'value factor' (low multiples) when it should be called something broader, because true value investing is holistic and a high-multiple company can be valuable if it has sufficient growth potential, making low multiples a useful signal but not the definition of value.
normativepending
Speaker
Cliff AsnessEvidence Quote
“I don't think the quant should have called low multiples. The value factor, it's not. Value is more holistic...You could have a high multiple company that is value if you think it's gonna grow enough.”
Created: 8/12/2026, 6:23:51 PM
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