Will Value Investors Win the Day? Wait Five Years and See. - WSJ.com

Will Value Investors Win the Day? Wait Five Years and See. - WSJ.com: "We may be in a similar situation today. Investors may lose a lot of money before they make more. Yet there are now a lot of genuine 'value' opportunities around. It's true they may get cheaper yet – which supports the argument for investing slowly and dollar cost averaging. But in the words of Boston fund manager Jeremy Grantham (quoted by Mr. Montier): 'If stocks look attractive and you don't buy them and they run away, you don't just look like an idiot, you are an idiot.'"