Aswath Damodaran, one of the value investor gurus1 has said that Tesla is overvalued since 2013. At the end of 2020 – 7 years from his statement, Tesla’s stock price speeding up more than 100 times of its 2013 level. 7 years of the miraculous rally – it simply isn’t a one-season wonder. We even could call it long term, as an investment rule for value follower. So, can we said that value investing is obsolete?
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