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It still seems like a hazy concept. Where is a reliable source defining value investing? Linking to Graham's work, which is all we have in the introduction, doesn't define the term - he was just writing about what he viewed to be the correct methods of Security Analysis. Without a clear scope, there's all sorts of arguably irrelevant material. Is Buffett's performance really a core aspect of the concept of value investing? Mwaldman MA (talk) 21:48, 9 November 2012 (UTC)[reply]
Howdy! This page looks to me like it needs a lot better organization--the lists of value investors is not in any order. Some of the sections seem misplaced. I think a section on how successful various value investors have been or how successful the basic value strategy is would be a nice addition. I'll see what I can contribute. Goodemi 16:10, 18 June 2006 (UTC)[reply]
I think talking about Buffett's article on the Superinvestors of Graham and Doddsville would be useful: http://www1.gsb.columbia.edu/valueinvesting/research/public_archives/DOC032.PDF
Changes to Well Known Value Investors?
Thanks for offering to help on the value investing page, this can be a neat place to pool our resources in this area and create a nice article for visitors.Smeelgova 17:50, 18 June 2006 (UTC)[reply]
I created a page for Deep Value Investing which is more specific style of value investing and has also returned better results. Do you guys think it would be a good idea to add Deep Value Investing as a link on this page?
- Dave
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BetacommandBot (talk) 04:56, 12 February 2008 (UTC)[reply]
I would be interested in hearing opinions of Wikipedia users about usefulness of adding this external link to the article: iStoskResearch Using value investing approach and methodology, iStoskResearch provides intrinsic (or fair) value calculations for most actively-traded US and Canadian stocks. Personally, I find it very useful. The model is also highly praised by Value Investing For Dummies and by High-Powered Investing All-In-One For Dummies. —Preceding unsigned comment added by 62.122.208.187 (talk) 06:45, 29 November 2009 (UTC)[reply]
With respect to the first comment regarding losses in bear markets, the citation is a dead link. Both comments in this paragraph should be expanded on in a much broader discussion. I think talking about losses or missing out on gains misses the point of value investing which is more of a long-term approach. Empirical research regarding long-term approach of such strategies should be analyzed. The issue of market timing seems to be a separate issue, imo, and is a problem for any investment strategy. I'm also recommending (see section below) a section be created on "Empirical Research" which I think will be valuable for the page but also valuable for people wanting to develop value investing strategies.
With respect to the second paragraph is probably a good criticism but should be put under a longer heading of "Intrinsic Value" which should discuss various formulas for calculating intrinsic value among other things.
Somrh (talk) 21:20, 18 October 2010 (UTC)[reply]
I think this would be a valuable section. Further it would tailor to Smeelgova's desire to have resources while still maintaining this page as being an informative article. Here are a few issues I think worthwhile to discuss.
1) Efficient markets hypothesis. In particular, for value investing to "work", markets must be inefficient (Graham likened markets to be "voting machines" in the short term.) As such any evidence related to EMH would likely be applicable here.
2) Studies on low P/B versus high P/B stocks.
3) Studies on Graham's 10 criteria and the evidence that shows that certain combinations yield outperforming results. Here I have in mind papers like Oppenheimer (1984), Oppenheimer (1986), Klerck and Maritz (1997).
4) Joseph Piotroski's research which is a followup on the low P/B results. Roughly speaking the EMH guys claimed that beta doesn't completely capture risk and therefore low P/B are financially distressed and therefore more risky (which explains why they have higher returns.) Piotroski's research shows that low P/B companies can be separated as financially distressed (low F-score) and not financially distressed (high F-score) and the ones that aren't financially distressed tend to outperform. Follow-up studies applied the criteria to the high P/B as well.
5) Other metrics might be of interest as well such as Altman's bankruptcy research and Beneish's earnings manipulation research.
Somrh (talk) 21:38, 18 October 2010 (UTC)[reply]
would delte the following: "John Addis, co-founder of Intelligent Investor (Company) based in Australia, has been running the business on the principles of value investing since 1998.[8]"
the track record is based on model portfolios. everybody knows what that means.... the other well known value investors have real returns...
--Luckyseven77 (talk) 00:25, 26 December 2015 (UTC)[reply]
Warren Buffett 2405:204:53A6:65DF:0:0:2429:F0A1 (talk) 10:51, 22 December 2021 (UTC)[reply]
The following Wikimedia Commons file used on this page or its Wikidata item has been nominated for deletion:
Participate in the deletion discussion at the nomination page. —Community Tech bot (talk) 10:36, 18 June 2022 (UTC)[reply]
I feel like this article needs to better articulate the two meanings of the term 'value investing'.
Most of the article refers to the original meaning i.e. "buying securities that appear underpriced by some form of fundamental analysis".
More recently, the term 'value investing' has become corrupted to also mean "buying securities with low valuation metrics" e.g. low price-to-earnings ratios or high FCF yields.
I don't like it, but we can't deny that this meaning is now in common usage - just look at the amount of investment managers now employing 'value' strategies. The article implicitly acknowledges the dual meaning, e.g. in the criticism section, but doesn't spell it out.
I'm a new editor so don't feel confident doing it myself, but perhaps if someone more experienced comes across this they could have a go at editing the introduction. PieLover3141592654 (talk) 07:39, 20 April 2023 (UTC)[reply]
