Tweedy Browne: The Historical Tug of War Between Growth and Value

Tweedy Browne recently released a great paper titled – The Historical Tug of War Between Growth and Value, which shows that empirically a differential of at least 1,000 basis points in favor of Growth has been followed by a significant shift to Value. Here’s the chart:

 

You can find the original paper here:

Tweedy Browne – The Historical Tug Of War Between Growth And Value