«Hruby's promotion is a
significant milestone in a system
historically dominated by men, says Hugh Gusterson, an anthropologist at the Institute for
Advanced Study in Princeton, New Jersey.
What we're saying is, is that the value of a company has to do with the current and future profits discounted back at an appropriate rate and then wtih a tone of irony, we are saying hypothetically what would it take for that theory to be wrong and
advancing the way that we think some investors are investing today; and we think ultimately this is a temporary phenomenon time to time when value investing gets out of focus, people question, hey, is this ever going to work again... I think over time, this is going to revert and value investing which
historically has been a terrific strategy is due at some point for a
significant recovery».