• Value investing is a time-tested and proven investment methodology that is fundamentally different from conventional security analysis.
  • It focuses on determining the intrinsic value of a company based on its current and historical balance sheets, income, and cash flow statements. The element of future growth is considered a positive characteristic only if it comes from sustainable competitive advantages within the franchise of the company due to the existence of barriers to entry.
  • An investment in a company is worthwhile only if there is a significant margin of safety between the company’s intrinsic value and its market price.