What is value investing
It is important to define the value investing before i start analyzing the companies and making my reommendations. To me, any investing worth talking about is value investing everything else is mere speculation. Unlike many many other value investors, who define value picks as something available cheaply, I define value as any stokc that is available at less than at its fair value. The higher fair value can be because of many reasons - available as less than book value - market cap is lower than net worth - significant growth potential etc To me all the situation provide an opportunity for signifiant upside and should not be differentiated.