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Lakshmi's avatar

I am a proud value investor and am sometimes confounded by these simplistic definitions and this article does a great job explaining it....Low P/B or Low P/CF stocks are all primary value and i don't think most Value investors have thrived blindly buying primary value; Primary value is only a necessary but not a sufficient condition. Primary value + margin of safety+ many other aspects of value , which the mkt is currently ignoring but is bound to recognise eventually qualify as potential investments. Sadly, Journalists/ Index hugging FMs/ Sell-side strategists don't get this ever...

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Neel's avatar

Amazing, gives a very good perspective. What elements should be involved and to what extent in 'Studying history and patterns'? Would like to know your view on that. Thanks :)

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