Mark Gilbert , Columnist

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.

November 26, 2020 at 6:00 AM UTC

By Mark Gilbert

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Seeking growth.
Photographer: Emmanuel Dunand/AFP via Getty Images

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

Hiro Mizuno was chief investment officer of Japan’s Government Pension Investment Fund for five years until the end of March. Now a Tesla Inc. board member and special adviser to Japan’s Ministry of Economy, Trade and Industry, here’s what he tweeted at the weekend: