61.   The market has moved up smartly over those eight weeks, but growth stocks, led by technology, have climbed more dramatically than value stocks.

62.   The managers distinguish between small-cap growth stocks and small-cap value stocks when discussing them.

63.   The students are weighing other moves, including increasing their holdings of value stocks.

64.   The value stocks significantly outperformed growth stocks over the next two decades, but no one then could have known that would happen.

65.   To ensure diversity, the managers will specialize in different areas such as small-, medium- and large-cap growth and value stocks.

66.   Tillinghast has enough company to form a support group for managers trying to cope with too much money coming into their mutual funds specializing in small value stocks.

67.   To reduce risk, he concentrates on value stocks.

68.   Value stocks have lost ground, too, but the decline has been much more modest.

69.   Value stocks tend to sport higher dividend yields, lower price-earnings ratios and other indications of being bargains.

70.   Vinik leaned toward value stocks and, to his detriment this year, accumulated bonds.