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Vinvesting.com is the leading social networking site for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. 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
Submitted on 12/27/2007
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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