Growth stocks are all the rage now, especially for millennials who have experienced the rapid growth of technology companies from their youth to adulthood. But there may be some cognitive biases at play which are influencing investors’ preference for growth companies. What are these biases, and how can they be identified and offset?Read on as value investors Harris Associates share why millennials currently don’t own value stocks, and why they should.
As a millennial working in the investment industry, trends impacting younger investors tend to pique my interest. Millennials (individuals born 1981–1996) are currently in a life stage marked by major financial decisions with large purchases, debt repayment and savings vying for attention. Regardless of an individual’s priorities, one point is difficult to dispute: how millennials invest can have serious implications for their long-term financial wellbeing. From an asset allocation perspective, millennials...
