标题: Q: Growth stock vs Value stock [打印本页] 作者: adehbone 时间: 2011-7-11 19:11 标题: Q: Growth stock vs Value stock
Growth stock works better in recession? It's just different from my 'common sense'....
Q:
A recession is expected in an economy within the next year. Portfolio Manager A has shifted more of their stocks from the financial industry to the health care industry. Portfolio Manager B has shifted more of their stocks from the technology industry to the utility industry. Which of the following statements is most accurate regarding the performance of each manager?
A) Portfolio Manager A is expected to underperform the broad market while Portfolio Manager B is expected to outperform the broad market.
B)
Portfolio Manager A is expected to outperform the broad market while Portfolio Manager B is expected to underperform the broad market.
C) Portfolio Manager A is expected to outperform the broad market and Portfolio Manager B is expected to outperform the broad market.
The answer is B 作者: Iginla2011 时间: 2011-7-11 19:11
bottoms up bottoms up hellscream作者: justin88 时间: 2011-7-11 19:11
For purposes of thinking inside the CFAI box, growth is better in downturns.
For the real world, thats the biggest BS i've ever heard and a huge generalization.作者: liangfeng 时间: 2011-7-11 19:11
survivorship bias...few growth firms during recession.作者: Windjammer 时间: 2011-7-11 19:11
Crazy 'CFAI box'! Thanks, markCFAIL
Guess I have to convince myself to this BS for the exam作者: dyga 时间: 2011-7-11 19:11
Your right. Clearly investors valued apples 30%+ annual growth rates when it fell to below $70/share in 2008.
