'It reminds me a lot of the peak in 2000': Legendary investor Rob Arnott compares today's market to the tech bubble — and explains why value stocks are the 'place to be'

have garnered massive amounts of investor attention as their newly minted issues hit publicly traded markets for the first time.

"Today you're seeing similar narratives that these companies are disrupters, that these companies are taking out entire industries," he added."It bears notice that disrupters get disrupted." Arnott references the likes of Blackberry Limited and Palm as two prime examples of how quickly pioneering firms can succumb to new entrants. These once ground-breaking, technology giants of the 2000s are more or less irrelevant today.

"It's trading in its cheapest quintile historically," he said in reference to the value factor."The spread between growth and value is wide enough that just coming back to historic norms — just getting repriced to the normal, valuation spread — would deliver over 2,500 basis-points of incremental performance in the US, and over 4,000 basis-points of incremental performance in emerging markets.

WHAT A DUMB SH*T!!! SILVER (for delivery) is the BEST THING!!! Business Insider, YOU ARE IN ON THE SCAM TOO... OBVIOUSLY! XXxx PS. I do wish that the Financially DUMB would just learn the difference between cuurency and MONEY! - WAKE-UP, citizens! -

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