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Reply to "Einhorn on passive investing killing value investing "
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[quote=Anonymous]With companies completely priced on “growth” or the fantasy of growth (TSLA), and most investors just buying index funds, the market is in a virtuous circle for high priced stocks. Essentially no investor ever recognizes the value in value stocks, so the stock has to pay off in dividends essentially. Meanwhile high price stocks are heavily traded and ramp up by being bought for being big and included in an index. https://ritholtz.com/2024/02/transcript-david-einhorn/[/quote]
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