Growth has outperformed value over an extended period, only punctuated by brief reversals.
A world of low growth and intense competition has encouraged this trend, as has low inflation and easy money. It highlights how hard it is to find opportunities for business growth, matched by the difficulty of turning round struggling businesses in declining industries. UK mid caps attractive relative to FTSE 100 stocks Technology is part of this new environment, but changing consumer tastes and competition from low wage economies are also factors. Investors need to find growth niches and businesses with a genuine competitive edge. Winning businesses share key characteristics, such a...
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