People often cite legendary investor Warren Buffett, who sees himself as the epitome of a value investor.
People often cite legendary investor Warren Buffett, who sees himself as the epitome of a value investor. Consider Buffett’s words when he made a substantial investment in the airline industry. He explained that airlines "had a bad first century." Then he said, "And they got that century out of the way, I hope." This illustrates much of the value investing approach: choices are based on decades of trends and with decades of future performance in mind.