If Jeremy Grantham Has a Changing Heart on Value Investing, Should You?

By Henry Ma, Julex Capital Management Jeremy Grantham, one of the most notable “top-down” value investor, recently had a changing heart on value investing. In his widely-read quarterly newsletter titled “This Time Seems Very, Very Different”, he noticed the average P/E ratio of the S&P 500 after 1996 was 65% to 70% higher than the long…Click to read more at ETFtrends.com.