Robeco’s Matthias Hanauer - Think Value Investing Is Outdated? Think Again | #561

In this episode of the podcast, Matthias Hanauer, a quant equity researcher at Rubico, dives into the world of value investing. He challenges the idea that value investing is obsolete, attributing recent poor performance to the sky-high valuations of growth stocks rather than a flaw in the value approach itself. Hanauer emphasizes the need to consider various valuation metrics, maintain industry neutrality, and understand how valuation spreads affect returns. The conversation also addresses the "Factor Zoo," proposing that only a handful of factors can truly explain market performance. Additionally, they explore the opportunities and hurdles of integrating machine learning into investment strategies.