At the recent CFA Institute Equity Research and Valuation Conference in Philadelphia, Fidelity fund manager Chuck Myers, CFA, drew on his experiences as a value investor and shared some of the lessons he learned along the way that have come to shape his investing philosophy.
Value investors focus their analysis on putting information in context, an approach that can take longer, but is less reliant on the fastest execution of an algorithm.
Despite history's greatest investors — Benjamin Graham, Warren Buffett, Bruce Berkowitz, Seth Klarman — stressing the importance of the "margin of safety," it remains a lost art.