Value investing is an investment paradigm that derives from the ideas on investment that Ben Graham and David Dodd began teaching at Columbia Business School in 1928. Although value investing has taken many forms since its inception, it generally involves buying securities that appear underpriced by some form of fundamental analysis. In the period following the GFC, most asset classes have been subject to the stimulatory intervention of central banks bent on reflating asset prices. Their efforts have been rewarded and for some time traditional value investors have had a tough time reconciling the asking price for many listed and unlisted assets. However, the prospect of rate normalization in the US has sparked some debate as to whether a shift has occurred with ‘Value’ stocks set to enjoy some time in the sun. Livewire reached out to four Australian based value investors including John Abernethy, Roger Montgomery, Wayne Peters and Ben Rundle so see if they think a shift is taking place...