Cheap isn't enough
A low P/E can hide peak earnings or a weak business. Here is how the right valuation measure, plus quality and volatility filters, improved returns and cut risk.
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A low P/E can hide peak earnings or a weak business. Here is how the right valuation measure, plus quality and volatility filters, improved returns and cut risk.
A more flexible definition of value has helped one fund outperform at a time when the fastest hands are rewarded for holding the hottest growth stocks.
Why I think the next bull market rewards owning a few good businesses for a long time
It's better to buy a wonderful business at a fair price than a fair business at a wonderful price.
New-age IPOs sell growth and market size. Here are six value investing tests, from unit economics to management trust, before you buy the next hot listing.
Jon Smith talks through a value share that's been trending lower for some time but believes the situation's starting to look more appealing. The post Down another 36% in the past 6...
There's currently an unusual disconnect between business quality and stock performance.
A stock’s P/E ratio quietly embeds assumptions about growth, returns and risk. Here’s why a low multiple may not mean cheap and a high one may not mean expensive.
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise w...
Bharat Shah on how he picks quality businesses, where returns come from and the Infosys and Wipro lesson that taught him when to sell, 24 years on.
Contra stock picks are those that are fundamentally strong but are currently out of favour, while having considerable upside potential.
Der erfahrene US-Investor David Samra hat es auf zu Unrecht niedrig bewertete Unternehmen abgesehen. Dabei zählt für den „Value“-Manager längst nicht nur der Einstiegskurs.
MANILA, Philippines — Philippine conglomerates have long traded at discounts to their book values. For value investors, those discounts can be tempting. When a holding company trad...
A low P/E looks the same for a bargain and a dying business. Value Research uses PC Jewellers, Infosys and Tata Steel to show how to tell them apart.
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