Connect with us


Scott Black of Delphi Management on the difficulty of value investing



scott black delphi

  • Scott Black, the founder and president of Delphi
    Management, made a household name for himself by employing the
    value investing techniques pioneered by Warren Buffett and
    Benjamin Graham.
  • However, during the ongoing bull market, value
    investing has systematically underperformed as market
    conditions have changed rapidly.
  • Black explains why value has lagged the broader market
    so much over the last 9 1/2 years, and outlines what he’s done
    to combat the trend.

It’s a difficult time to be a value investor. And no one’s more
familiar with that fact than Scott Black.

Throughout the 9-1/2-year bull market, Black — the
founder and president of Boston-based Delphi Management — has continued to employ the
same strategies that have made him a household name over four

However, during this market cycle, those methods haven’t worked.
Or — perhaps more accurately — their returns have trailed the

“If you look at any of the numbers, this is the worst period for
value investing, ever,” Black told Business Insider by phone.
“Value has systematically underperformed since 2006.” …


If you enjoyed reading this story so
far, why don’t you join Business Insider
PRIME? Business Insider provides visitors from MSN with a
special offer.  

click here to claim your deal and get access to all exclusive
Business Insider PRIME benefits.

Continue Reading
Advertisement Find your dream job