Capitalism Won’t Thrive on Value Investing Alone

Image: Yuji Sakai / Getty Images. Article by Amar Bhide. Harvard Business Review – June 1, 2021.

Summary.  Investors fall into two camps: value investors, who base decisions on a careful analysis of revenues and costs, looking for steady performance, and growth investors, who place bets on risky projects with very high potential payoffs. A capitalist economy needs both kinds — those willing to back transformational ventures as well as those who reward prudence and thrift. […]

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