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The Scanner, March’24 | Volatility Strikes. Valuation and Quality Anchor Your Returns

29 March 2025

Momentum Feels Good—Until It Doesn’t

The Case for Valuation Discipline

It’s easy to question valuation discipline when markets are on an upswing. But what happens when momentum fades?

A valuation-conscious approach isn’t about avoiding great businesses—it’s about not overpaying for them. Short-term underperformance may occur, but history shows that those who stay disciplined through market cycles come out ahead.

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