Value investing has been out of favor for many years but 2020 was the year where we saw the growth-value divide widen most substantially. We think value is, consequently, more attractive than ever and 4Q gave investors a taste of that. It's difficult predicting the future, so we turn to two experts, Jay Powell and Jeremy Grantham for their takes on what 2021 holds. Finally, we discuss the popular strategy of ESG investing and talk about how Midway Capital fits into the world of ESG.
Fourth Quarter 2020 Letter to Investors
MCRM Quarterly Letter 2020 Q4
PDF • 182KB