Finding Value in Growth
Think large cap not small. Value can be found in growth!
The only way anyone can see this requires belief that value and growth are joined at the hip. I believe and my portfolios show my faith in this premise.
This excellent post shows the relatively low valuation of large cap growth compared to the other "boxes." As someone who generally has espoused small cap value picks, I have to admit how difficult it is to find value in this part of the universe. A few exceptions naturally do apply, but overall, the pickings are slim.
My only problem with this point of view is it seems to be turning into a consensus viewpoint. Yet the valuations speak for themselves.
Don't think that the recent value destruction of a few high tech names represents the demise of growth. In my view, this is strictly a case of expectations having run ahead of themselves and ahead of the fundamentals.