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Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

The mistake Warren Buffett never makes

By admin - Posted on December 27th, 2007
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One basic error sets Omaha sage Warren Buffett apart from most investors  - he never confuses price with value.
That was one of the many insights from Robert P Miles, best-selling author and Warren Buffett expert, on the CNBC Africa Power Lunch with Moneyweb.

The author, in South Africa to present at a value investor conference, told Hogg that he has been to a power lunch with Buffett twice and to Buffett's office a couple of times.

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