For years, Goh Tee Leng, who manages his family assets and the Heritage Global Capital Fund, was an ardent disciple of value investing. He embraced the Benjamin Graham principles as he patiently sussed out deep value in blue chips of traditional industries such as the major landlords, developers and banks.

However, one year after the pandemic, Goh’s approach to investing has changed. Technology stocks are charging ahead and breaking record highs, while value stocks have struggled to gain new following, even as they test the patience of their existing shareholders.

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