Are growth stocks back?
In this article in today's New York Times, Paul Lim has written an article about the poor returns in the last decade that growth stock investing provided. He speculates that better returns are forthcoming from growth investing.
In 1992's Berkshire report, Buffett reminded us that there is no clear demarcation between growth and value investing...rather, growth and value approachesare joined at the hip. Consequently, I often prefer companies that have shown terrific records of profitability and returns if they are available at a sensible price.