The Globe & Mail: For a winning portfolio, don’t just think value vs. growth
I often get asked the question, “Are you a value investor or a growth investor?” When asked that way I find that it is usually loaded with a predefined understanding about the two most popular investment styles. While they both address important aspects of sound investing, I believe they are, in fact, connected. I am a value investor. After all, who wants to pay more than the value they are receiving in return? It is clear that fast growing companies are usually worth more than their slower counterparts, but fast growers should still only be bought when they are undervalued. When expressed that way, isn’t all intelligent investing value investing?
Felix Narhi writes for The Globe & Mail