By Jonathan Caplan | May 27, 2021
The rallying cry for the need of society to return to traditional values is most commonly associated with political parties and religious activist groups. So why are investment pundits and professional portfolio managers now embracing the emerging trend of a return of some traditional values on Wall Street? To be sure, there are no signs of an outbreak of religious zeal or political activism on Wall Street. The modus operandi of striving to capitalize on financial opportunities has not become an anachronism.
But, in my view, there are growing signs that Wall Street is returning to some of its traditional roots. Traditional investment principles appear to be coming back into vogue. This is music to the ears of those who have essentially eschewed the proliferation of newer and more alluring asset classes these past few years including SPACs (special purpose acquisition corporations); cryptocurrencies (like Bitcoin); non-fungible tokens