Value Investment: The Approach And Its Applicability

Value Investment: The Approach And Its Applicability by Anton F. Balint

Introduction

This article is designed to give the reader an overview on what value investment is, its establishment and application throughout the years and the reason why it has worked so well. Also, at the end, there will be a reading list with books, articles and other resources for those who want to take it a step further.

The bedrock of value investment

As Oaktree Capital’s Chairman, Marks Howard, put it in an interview with Joel Greenblatt, value means different things to different people. However, generally speaking, value investment is not a strict formula of identifying good investment opportunities but a philosophy – it is a way of viewing investment as a profession...