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Forget the bargain basement. Bet on the next big thing

Value-stock enthusiasm may gain traction, but don't discount the post-pandemic power of disruption behind growth stocks.

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The growth index is dominated by the FAANGs: Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc and Google's parent, Alphabet Inc.

HOPES that vaccines will soon replace economic lockdowns as our best defence against the coronavirus have stirred speculation that value stocks will regain favour among investors. A guy who until recently oversaw US$1.6 trillion has a strong argument that growth stocks will continue to be a...

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