Value Is Wrong Way of Thinking About Market Now: Goldman's Oppenheimer

The video discusses the market trends following the financial crisis, highlighting the dominance of growth stocks due to weak GDP, low profit growth, and low interest rates. It notes a recent reversal in these trends, suggesting a shift towards a hybrid market approach rather than a binary growth vs. value perspective. The focus is moving towards sustainable margins and cash flows over mere revenue growth.

What factors contributed to the outperformance of growth stocks after the financial crisis?

• Weak nominal GDP and low interest rates

• High nominal GDP and high profit growth

• Increased capital in banks and high inflation

• Strong commodity prices and high interest rates

What is the current trend observed in the market according to the video?

• Value stocks are starting to outperform

• Growth stocks continue to outperform

• Commodity prices are rising

• Banks are facing fewer regulations

How long did the previous trend of growth stocks outperforming last?

• 20 years

• 15 years

• 5 years

• 10 to 12 years

What is the expected market approach moving forward?

• A hybrid approach valuing sustainable margins

• A return to pre-financial crisis strategies

• A binary split between growth and value

• A focus solely on growth stocks

What will investors likely prioritize in the future according to the video?

• Revenue growth over all other factors

• Sustainable margins and cash flows

• Short-term profits

• High-risk investments