Sentences with phrase «glamour stocks tend»

Not exact matches

LSV also showed that in periods of stress — recessions, bear markets, etc. — when risky investments tend to be punished and safe investments tend to be hoarded, value stocks consistently beat glamour.

As we discussed yesterday in Testing the performance of price - to - book value, various studies, including Roger Ibbotson's Decile Portfolios of the New York Stock Exchange, 1967 — 1984 (1986), Werner F.M. DeBondt and Richard H. Thaler's Further Evidence on Investor Overreaction and Stock Market Seasonality (1987), Josef Lakonishok, Andrei Shleifer, and Robert Vishny Contrarian Investment, Extrapolation and Risk (1994) and The Brandes Institute's Value vs Glamour: A Global Phenomenon (2008) all conclude that lower price - to - book value stocks tend to outperform higher price - to - book value stocks, and at lower risk.

Lakonishok, Shleifer, and Vishny found that value stocks tended to outperform glamour stocks by wide margins, but their earlier research did not include the glamour - driven markets of the late 1990s and early 2000s.

And the answer is that undervalued stocks tend to behaviorally difficult to buy, and glamour stocks appear attractive.