The Value Perspective: Warren Buffett's key tenets of value investing

Value investing is a broad church and its fundamental principles offer enough scope for its ‘congregation' to adopt a variety of approaches. One of the best illustrations of this is the way value's most famous living exponent, Warren Buffett, was able to explain his shift across the aisle - from what we have characterised before as ‘deep value' to ‘quality value'. Buffett had been a student of Ben Graham - the author of value's founding text The Intelligent Investor and thus the patron saint, so to speak, of the former style. As his Berkshire Hathaway investment company attracted ever gr...