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Jan 20 2023

Fair Winds For Active Managers

  • Jan 20, 2023

The defining characteristic of last year’s bear market was the collapsing valuations of speculative growth stocks. A mania for themes such as cloud computing and disruptive innovation during 2016-2021 drove those names to fantastical valuations and bestowed market capitalizations of tens- and even hundreds of billions of dollars on such companies, many of which had yet to turn a profit.


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About The Author

Scott Opsal / Director of Research & Equities