#64 - The Value Disciple: Tobias Carlisle on Buffett's 3 best deals and why value will come back into favour

Carlisle believes deep value and small-caps, after 16 lean years, are positioned for a cyclical comeback versus expensive mega-cap growth and AI infrastructure names.

• Value's long drought: Carlisle says deep value/small-cap has underperformed for 16 years after a strong decade through 2015, and he thinks the cycle is near a turn.
• Quality traps underrated: He argues investors obsess over value traps but ignore "quality traps" — overpaying for growth or certainty that never materializes.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.