On Value Investors vs. Growth Investors
As you wait for today’s podcast, please check out a great post on value investors vs. growth investors over at RVB’s Market Musings.
It’s too easy to become wed to one particular philosophy, instead of remaining open to reason wherever it comes from. Even though the words value investing are plastered all over this site, I can’t afford to ignore a good idea simply because it comes dressed in the garb of another investing school. Being a value investor is about remaining true to a few core principles; it isn’t about adhering to dogma.
That’s why I’ll often mention Phil Fisher right there along with Benjamin Graham. Pretending the two are separated by an unbridgeable chasm won’t do you any good. There is value in both men’s writings. Likewise, there is value in a few of the best ideas of growth investing. Just don’t compromise on those core principles when you look to broaden your horizons.