In an article I wrote last week I explained that "value investors can find success these days with buying all-star REITs that are sitting on the bench. It's kind of like investing in Kobe Bryant but only paying for Mark Madsen." It's true; the game of value investing is all about price and value. That is, paying less than what you are getting and more importantly, getting excited when share prices are falling.
As Ben Graham explained, buying stocks when they are cheap is the best way to grow money. As Graham defined it, the margin of safety constitutes a "favorable difference between price on the one hand and indicated or appraised value on the other." That is why...
Only subscribers can access this article, which is part of the PRO research library covering 3,573 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: