There are two types of value investors. Those in the Benjamin Graham camp (value) and those in the Warren Buffett camp (compounders). Both look to buy business for far less than they’re worth. However, that doesn’t mean they both look for the same types of businesses.
There are usually two camps among value investors – value and quality. Those in the value camp are Ben Graham followers. They’re always looking for cheap opportunities and buying business far below their intrinsic value.
Those in the quality camp prefer Warren Buffett style investments. These are businesses with durable economic moats and can continue to compound your investment for years into the future.
What to be a great investor?
According to activist investors, Bill Ackman you don’t need a degree from Harvard Business School or Columbia School of Business. Instead just read every word and watch every YouTube clip Warren Buffett is in.
One idea Buffett always talks about is owner’s earnings.