What's in a name?

Writing about the relative merits of growth versus value investing is a dangerous game. For one thing, the definitions of these arbitrary labels can vary widely depending on who you ask. Most people would agree that growth stocks are those with superior earnings growth potential, but even here there are degrees. Are we talking about modest and dependable single digit growth from a strong position in a mature market, or lightning-fast, unproven growth from a blue-sky concept in a new technology? And value is even more thorny. Are we talking about high dividend yields? Low price to book ratio...