Value investing is tough compared to growth investing, in the sense that, it is relatively easy to go with where there is activity, where there is participation, where there is coverage, more things come to light, valuations could be high, sure, but they could remain so for more quarters, and investors who do growth or GARP type investing are reasonably sure if such valuations can sustain or not, and may think of coming out, and they find another such story.
Even for investors with many years of experience, it could be frustrating to see the price not moving as per their vision, there are a lot of moving parts.
The person who you replied has deep understanding of the business, so he bets on value, for others without such understanding, it is tough to make such calls.
As for me, I try all kinds, because they all work, I may not be able to do properly, but they all work depending upon some factors and in certain contexts. This is the reason why there exist many books on different philosophies in the market, because they all work. Jim Simons is correct, Buffett is correct, Lynch is correct, Joel Greenblatt is correct, Minvervini is correct, Michael Burry is correct.
Just saying.
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