Value is a misunderstood term in investing. Or maybe mis-applied. In this episode of Outperformance Matters, Chief Investment Officer of Blue Whale Capital, Stephen Yiu explains how his early career shaped the views on value he still holds today. Also in this episode: bubbles and what’s driving them in markets. And the regular section busting myths in investment. Appropriately for an episode covering value, this one challenges the focus on the price of fund management. Capital at risk. Views we express on companies, asset classes and markets do not constitute Investment Recommendations and must not be viewed as such. Past performance is not a guide to future performance. This communication is issued by Blue Whale Capital LLP which is authorised and regulated by the Financial Conduct Authority.