Markets

Oct 9: 'Cheap and ugly' can be beautiful

Part 1: In the latest Future of Investing video, John Authers, FT investment editor, speaks to Bruce Greenwald of Columbia Business School and First Eagle Funds. They discuss why the theory of value investing devised originally in the 1930s still has power, showing how "cheap, ugly and overlooked" stocks are systematically undervalued due to "irraitional" financial behaviour.