note*: I define value investing here by the act of buying companies that are undervalued substantially as compared to their assets. By definition, all investing should be value investing. But I hope this clarifies it more clearly. There have been remarks that value is dead or that growth has beaten value and if you continue to be a value investor, you’re just a fool. I believe most of this is just a style discussion, but I also believe value investors will see the light of day soon as they exit the dark tunnel of growth. (although it is also inaccurate to say that growth and value can’t coincide….)

The picture is a pretty damning. Value has been trounced like a dusty carpet in the past few years by growth. There are many various reasons for this and I will go over the biggest one here before I finish with why I believe Value style investors will eventually see rewards at the end of the rainbow....