CHAPTER 7Stock Metrics
Although it’s easy to forget sometimes, a share is not a lottery ticket … it’s part-ownership of a business.
—PETER LYNCH
The idea behind being a value investor is kind of like hunting for deer. When you hunt for a deer, you first go out and scout the best possible areas in which the deer may wander. This is similar to the research that is needed in finding a fundamentally strong company. After you have found a good area for hunting deer or found several fundamentally strong companies, you can move on to the next step. The next step is patience, waiting for a deer to cross your carefully selected path. This is very similar to investing because after you find the fundamentally strong company, you have to wait for a value ...
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