Was It Earnings Growth, or Multiple Growth? December 8, 2025 FacebookTwitterWhatsAppLinkedinEmailPrint Has the US outperformance since the GFC come from relative growth or valuation expansion? “Both contributed, but there was more coming from the richening.” – Antti Ilmanen of AQR
Has the US outperformance since the GFC come from relative growth or valuation expansion? “Both contributed, but there was more coming from the richening.” – Antti Ilmanen of AQR
