Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Value investing and Growth Investing are often presented as two competing styles of investing. Indeed there are now many Exchange-traded funds available which claim to offer one of the two styles.For several years at a time, quite often one of the styles of investing will perform better than the other. In the late 1990s growth style stocks significantly outperformed value style stocks. However, since 2000 value stocks have outperformed growth. Some people believe the performance of the two styles goes in a cycle, even viewing them as distinct asset classes, with a view to make strategic switches.