Paying for good business means paying for a path of intrinsic value. A bad business stays stagnant while a good one grows. Investing in a discounted bad business can lead to higher value if earnings grow. But investing in a good business that is growing is even better.
For show notes and more information, visit www.investedpodcast.com This week on our from the vault episode, we wrap up our review of value investing basics with Hedge Fund manager and author of Education of a Value Investor, Guy Spier. We’ll ask Guy who he looks to for inspiration and discuss the fear that can accompany buying stock.