“Nowadays people know the price of everything and the value of nothing.”
…Oscar Wilde, The Picture of Dorian Gray
I have always been an avid reader, and that fact has only intensified over the last few years as Amazon has made it WAY too easy to buy books. Growing up, my family never had much money, but I always had a library card, and some of my fondest childhood memories involve going to the public library and coming home with a huge stack of books and a smile on my face, in absolute disbelief that the system just allowed a person to take so many for free. These days I don’t have as much time to read as I would like, but I have been trying my best to get through many of the classics that I have bypassed over the years, which is how I came to be reading The Picture of Dorian Gray by Oscar Wilde over the weekend. The quote above, which I’m fairly certain I have heard before, really stuck out to me while reading, though, and reminded me of the chart I presented in our “Charts of the Week” publication several weeks ago that pointed out that Value stocks might have been overdue for a period of outperformance.