The Biggest Loser of Value Investing

The Biggest Loser of Value Investing by WENDL Financial

My investment advisory firm is located within a five-minute drive of the Mississippi River here in the St. Louis metropolitan area. Not long ago, I heard a tall fishing tale from an underwater welding specialist who repairs bridges along the Mississippi River. The oversized dimensions he described of a river catfish that brushed alongside him while he was doing some repair work on an arch bridge sounded almost unbelievable. There are similarities in the way a bottom feeder catfish hunts for food and in the way an enterprising investor finds undervalued securities using a selection approach that Benjamin Graham wrote about in his book...