Value investors are compared to Met fans in the excellent article from,The Economist, here:
“One of the worse things about a losing streak, noted Mrs Payson, is you can never tell when it will end. Investors in “value” stocks know the feeling. These stocks, which are distinguished by a low price relative to the book value of a firm’s assets, have fared badly in the past decade (see chart). A longer run of history, as well as intuition, suggests that buying shares that are cheap relative to their intrinsic worth should eventually pay off. But it can be a long wait before the telegram arrives.”
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