Buffett vs Graham – Will The Real Value Investor Please Stand Up?

Will The Real Value Investor Please Stand Up? by George Athanassakos, The Globe And Mail

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While Ben Graham is considered to be the father of value investing, Warren Buffett has popularized it and made it known to the wider public. But while as Mr. Buffett says “value investing is simple but not easy,” there is still a lot of confusion in the public sphere about value investing. As far as I can tell there are at least two misconceptions about value investing.

The first is the belief that all value investors do is sort stocks by price-to-earnings (P/E) or price-to-book (P/B) and buy the stocks with the lowest multiples with a preference for small-cap stocks. But this is only...