What Is Value Investing?

Howard marks: If asked about possible silver linings to this pandemic, i would list first the chance to spend more time with family. Value investing consists of quantifying what something is worth intrinsically based on its fundamental cash flow generating capabilities and buying it if its price represents a meaningful discount from that value. Growth stocks have meaningfully out performed value for the last 13 years,. so long the people are asking me whether it's going to be a permanent condition. And we had plenty of talks about crypto yet, which will be saved for a later date.