[mxschumacher]

A good read in a time when the valuations of Netflix, Amazon, Tesla etc are extreme by conservative investing standards.

Many famous value investors such as Bill Ackman, Bruce Berkowitz and David Einhorn have been getting absolutely killed in the market in the last several years.

It is difficult for me to imagine that this pendulum will never swing back. The combination of oligopolistic technology firms (platforms!), Quantitative Easing, low interest rates and more globalisation than ever certainly make for exciting times.

[adventured]

To be fair, Ackman got absolutely killed for going deep into VRX. The exact opposite of what a value investor should have done, as VRX was anything but a value play at the time. His big CMG position by contrast is well above water.

[imjk]

I thought Bill Ackman was more of an activist investor than a value investor (not that they're mutually exclusive labels). I don't know about the other two.