I consider myself in the "value" camp. Was curious as to whether anyone else invests from the "Graham and Dodd" school of thought. Good site to take a look at is www.valuewalk.com. Found all of Warren Buffet's letters to his shareholders since 1977 there.
Very good reading.
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"I asked GOD to help me fly away, and if not, then please keep your eye on me"
1. "RE: Any "value investors" here?" In response to Reply # 0
Something to keep in mind with value investing:
Value investors, in general, beat the market. This is because they are collecting a risk premium by betting against the pessimistic expectations that the market has for an unpopular stock. Usually, these pessimistic expectations turn out to be unwarranted, and the stock corrects upward, handing the value investor a reward for assuming the risk. However, in extreme situations such as a market collapse, these expectations will be warranted and value investors will lose enough money to make up for all the gains that they made collecting the risk premiums in the past.
Now, this is speaking in generalities; skilled value investors will probably come out ahead. Just keep in mind that value investing, without skill, is not necessarily going to beat the market.
