Before the global financial crisis, the popular belief was that value stocks (which are less expensive and less risky because of their established worth) were a better investment than growth stocks (which are a relatively more expensive gamble on future worth).
10 or 15 years ago, that theory held true. The market prioritized value stocks because they were less expensive. But the market doesn’t only care about the cheapest stock; it cares about stock with the fastest-growing earnings. Since then, value stocks have underperformed compared to large-cap growth stocks, especially with the explosive growth of mega-cap or “FANMAG” (Facebook, Amazon, Netflix, Microsoft, Apple, Google) stocks.