How 2020 was the worst for value investing and why to be optimistic as a new investment cycle starts

In our recent episode of the Mackenzie Investments Podcast Series, host Matthew Schnurr speaks with Richard Wong, Senior Vice President, Portfolio Manager, Head of Mackenzie's Cundill Team. They discuss how 2020 was the worst year for value stocks in his quarter-century investing career.  But, he is optimistic.  Why? Because a new investment cycle has started, value is cheap and outperforming and tailwinds suggest the recovery is sustainable.