Euclidean 1Q16 Letter - Deep Learning & Value Investing

Euclidean letter for the first quarter ended March 31, 2016; titled, "Deep Learning & Value Investing." Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. In recent letters, we showed the merits of adhering to simple forms of value investing over time. In particular, we highlighted the potential that value strategies have demonstrated following periods resembling the past few years -- when value investing has underperformed the broad market and more speculative forms of investing.