Adam Khoo: Value investing questioned by leading managers after years of underperformance

Adam Khoo: Value investing questioned by leading managers after years of underperformance
Value investing challenged by managers

Several well-known managers, including David Einhorn, Terry Smith, and Chuck Akre, have stated that value investing no longer works due to changes in market structure.

Adam Khoo, executive chairman and co-founder of Adam Khoo Learning Technologies Group, criticized this view as an excuse for their underperformance over the last five and ten years, and described himself as a disciplined value investor.

Khoo previously examined whether AI stocks leading the market in 2026 signaled a peak or a lasting trend in an earlier analysis. In a separate note, he highlighted a healthy correction in OCBC and other major Singapore banks, describing the pattern as typical for strong firms in his review of regional lenders. Both commentaries focused on specific stock and sector developments observed in recent market cycles.

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