Part II. BUFFETT INVESTING = VALUE + GROWTH
The phrase value investing popularly means an investing style based on financial ratios such as price-to-earnings or market-to-book. By contrast, in growth investing, one seeks to discover companies that are likely to grow at a fast pace in the future. In Chapters 3 and 4, I discuss value investing and growth investing, respectively. Both investing styles have merits. Chapter 5 focuses on the concept of intrinsic value, the value you assign to a stock based on its assets and earnings. In Chapter 5, I explain how we can best learn from Buffett by viewing him as an integrator of both value and growth investing principles.
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