In his recent interview with MoneyControl, Aswath Damodaran recommends that investors forget about the terms growth and value investing and instead focus on common sense investing. Here’s an excerpt from the interview:
Q: And in this leg of the stocks rally, would you look at growth investing or value investing?
Damodaran: I think first we need to stop that this thing. If by value investing, you mean the style of Warren Buffett and buying companies whose best days are behind them, I think that entire style of investing needs to be retired. I think my definition of value investing is actually much more dynamic. And I’ll give you my definition of value investing. I am willing to buy any stock, where the price is less than the value, whether its growth mature, I really don’t care. So I think I don’t know if there’s anything, I think we need to turn to common sense investing.
You can watch the entire interview here:
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