Value is currently trading near the 90th percentile of cheapness historically, which is not a guarantee of outperformance but provides better odds than alternatives based on the principle that valuations predict future returns with some statistical reliability.
factualpending
Speaker
Larry SwedroeEvidence Quote
“today value was traded all something like the 90th or so percenti in cheapness which is not a guarantee that it will outperform but the best we could do was learn from history and put the odds in our favor”
Source
Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them— Excess ReturnsCreated: 8/11/2026, 7:39:47 AM
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