Capitalism Won’t Thrive on Value Investing Alone
1 min read
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. […]