How Value Investors Should Look To Invest In Today’s Market

It’s a tough time to be a value investor. Macro headwinds are growing, volatility is increasing, and valuations are rich, leaving little or no margin of safety.

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The combination of these three factors presents a dilemma for value investors. Traditionally, when the outlook is bleak, valuations are attractive enough to offer a margin of safety -- a wide enough discount to intrinsic value to compensate investors for risks taken. However, despite the macro headwinds facing the market, valuations remain unattractive across the board thanks in part to the easy money policies of central banks, which have helped to prop up the market.

GEICO: The “Growth Company” that made the “Value Investing” careers of both Benjamin Graham and Warren Buffett

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