What Does Value Investing REALLY mean?

By Sid el Mehdi Lembirik, Managing Partner, Lembirik Group “Value investing” is one of the most overused and misunderstood terms in the investment business. The long-term success of true value investors such as Warren Buffett, Charlie Munger, Walter Schloss, Bill Ruane,, … enticed many charlatans to label themselves value investors in order to attract assets to manage. Value investing is used as a marketing tool instead of an investment philosophy, there are even day traders who call themselves value investors! [schloss] Many have little or nothing to do with the philosophy of investing originally introduced by Benjamin Graham. Academics define…