This isn't the definition used by intelligent investors using "value as an analytical style":
"Value stocks — traditionally defined as companies that trade at low prices relative to characteristics like earnings and book value. institutionalinvestor.com/article/b1j0mv…
AAPL is a value stock.
"Value stocks — traditionally defined as companies that trade at low prices relative to characteristics like earnings and book value. institutionalinvestor.com/article/b1j0mv…
AAPL is a value stock.
"Once we’d gotten over the hurdle of recognizing a thing could be a bargain based on quantitative measures that would have horrified Graham, we started thinking about better businesses. We’ve really made the money out of high quality businesses." Munger google.com/amp/s/25iq.com…
Another writer who mixes 1) value as a statistical factor in an index fund; and 2) value as an analytical style in analyzing a specific business. They aren't the same investing style. institutionalinvestor.com/article/b1j2j2…
"The whole concept of dividing it up into ‘value’ and ‘growth’ strikes me as twaddle. It’s convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another."
Charlie Munger
Charlie Munger
