Quality v/s Value 

Insightful slide from WhiteOak:  

- CY18-20: 3 consecutive years where Quality won  
  Then it became very famous but is now out of flavour.  

- CY21-24: 4 years Value won  

Which do you think will do well in the next few years?  

Probability-wise, it looks like Quality.  

In the long term since '05, Quality has won.