tag:blogger.com,1999:blog-6837159629100463303.post6331185778994220693..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: The value premium and non-ideal information transferJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6837159629100463303.post-11348987439396906242015-11-07T15:18:40.126-08:002015-11-07T15:18:40.126-08:00I would disagree with Noah- while the "value ...I would disagree with Noah- while the "value premium" has underperformed recently, investors are still way overpaying for growth and momentum. Also, the average PE ratio during this time has drifted upwards, such that there are fewer value stocks to buy. That does not sound efficient to me, rather that investing fashion has changed. My own opinion is that in our demand constrained, low growth, information trap world that investors are overvaluing growth. So bubbles continue to be blown and dissipate, perhaps without stocks really drifting down to their historic lows. Todd Zorickhttps://www.blogger.com/profile/10976192775890569092noreply@blogger.com