Tech stocks move from growth to value

One-time high growth tech stocks like Cisco and Apple are starting to look a little like perfect fodder for value investors. Their products are becoming commoditised and their price/earnings ratios are underperforming the broader market.

In the long run, everything is a toaster. This is one of the more memorable lines delivered by Professor Bruce Greenwald, who teaches the class in value investing at Columbia Business School that was once taught by Benjamin Graham, and taken by Warren Buffett.


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