Now value investing is a bit like taking the, well bread, highly trained, good jockeyed, horse that everyone knows about and then betting it to “show”. As long as not much changes in the race you have a good chance. You don’t make much, but something. When you lose however it’s a big bite that takes awhile to make up. A more winners than losers strategy. Now sometimes you look at the odds and say whoa with those odds I’m going for the win! Forgetting that these new odds are in fact likely representing something you don’t know. If you find nothing you dive in. That Doesn’t mean there wasn’t new information coming. If news doesn’t come, well better to be lucky than smart.