Vltava Fund, an investment management company, recently released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The letter is addressed "Value Traps and Growth Traps," based on the firm’s three new investments from the last quarter. While value and growth stocks seem like clear categories, the author believes they are interconnected rather than opposites. A value trap occurs when investors buy seemingly cheap stocks with underlying structural issues, resulting in stagnation or a decline in share price. However, a growth trap arises when investors...
Create a free account, or log in to read the full article
No credit card required.
We may use your email to send marketing emails about our services. Click here to read our privacy policy.