When do value stocks outperform momentum stocks? Tobias Carlisle, principal and founder of Acquirers Funds, breaks down the case for how and why value stocks can outperform on a relative basis. Carlisle explains the role of volatility, regime change, and the relative performance of low beta, low volatility stocks. Chris Cole, founder and CIO of Artemis Capital Management, hosts this peer-to-peer conversation from Real Vision.