Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent Investor.” So what exactly is value investing, and how does it work? What is value investing? The short answer is that value investing refers to buying a stock that is trading below its intrinsic value, according to investor Guy Spier, a self-proclaimed ” disciple ” of Buffett’s. “What many people would call a value stock is something that is cheap by some objective measure, like…
