Praxis
I agree that Buffet was probably a value investor, especially
since everyone says he is/was. As of today, he appears to
be a combination of growth and value, since everyone agrees
that KO is not a value stock, and it is a substantial part of
his portfolio. (I am not saying that KO is not a potentially
undervalued stock, just not a value stock.)
My value stock ideals are Price, Dreman, and Graham.
As far as my misinterpretation of your comments go, I was trying
to interpret them in the context of my screening strategy. Ron
Bower offered a solid criticism my strategy, and I assumed you
were offering a follow-up critique. If so, then I may have
missed your point, because even though earnings growth is the
eventual driver behind stock price, I do not see the necessity
of adding in PE/(predicted growth rate)into a value screen.
Thanks
MC
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