Evolution of Value Investing: How it has Changed Since the Days of Graham

Value investors are thought to be a staid lot. Spendthrift, and always looking to the long term. The key principles of value investing have not changed since Benjamin Graham picked up his first cigar butt. But beneath the surface, things are quite different now. Before we examine how value investing today is different from value investing as practiced by Graham, let’s look at the ideas that remain the same. The Enduring Principles of Value Investing At the very basic, value investing means paying less than the intrinsic value of an asset. If you ever bought something at a discount, you…...