Why Value Investing isn't obsolete

  • by
  • Value Insights

The year 2020 has been nothing short of astonishing and the transpired events in the 1H 2020 will potentially change our society forever. The ongoing pandemic, declared as „the largest global public health crisis in a century“ led us to witness the sharpest 30% market decline ever and the highest volatility since the market crash of 1929. Once again this teaches us that the future remains largely unpredictable and we must remain humble and conservative when valuing investments. Within three months of the crash, we have witnessed some of the most peculiar comebacks, with a number of the world’s largest stocks surpassing their all-time highs by a hefty amount. This notion also seems displayed in the media.

The ensuing situation seems best described by CNBC/Berenberg’s humorous depiction of a Kangaroo market.

Rarely has the market seemed to be more of a voting than a weighing machine. A number of interesting – and perhaps value-defying – events have occurred, prominently:


Goran Vasiljevic

Managing Director (CEO, CIO)


Go back

We use cookies on our website. Some of them are essential, while others help us improve this website and your experience. More information about the Privacy Policy
Change settings

Information regarding limited distribution

The English translation is only for the purpose of convenience.

The information on this website is not intended for people and companies located in regions where Lingohr & Partner Asset Management GmbH is not authorized to advertise or sell products or offer services. In particular, this information is not intended for distribution in the United States of America (USA), for citizens of the USA or for persons resident or domiciled in the USA or persons acting on their behalf. The content shown is for informational purposes only. In particular, it does not constitute an offer to sell, purchase or subscribe to other assets. In the event that a person, whose residence or office is located abroad, is able to access the website of Lingohr & Partner Asset Management GmbH and the information contained within, Lingohr & Partner Asset Management GmbH does not accept any guarantee or liability that the information contained complies with the relevant applicable legal provisions of the respective country.

Information regarding usage

The English translation is only for the purpose of convenience.

The use of the Insights page of Lingohr & Partner Asset Management GmbH is only permitted for institutional investors. The information provided in this area will be treated confidentially and is only intended for authorised third parties. The obligation to maintain confidentiality does not apply to information that is generally accessible. All publications contained in this area are for information purposes only and do not constitute investment advice or an invitation to buy or sell securities or other financial market instruments. All information and data in the publications are taken from sources that the publisher considers reliable and trustworthy at the time of writing. The publications contain only a non-binding and subjective opinion on market conditions and the investment instruments addressed at the time of publication of this publication.