PEG - Value Or Growth? Both!
Value investing is not just about buying stocks with low valuation metrics, that's a too simplistic and myopic approach. The true essence of value investing is buying a company for a market price below the intrinsic value of the business.
All else the same, a business with superior growth rates creates more value for investors. This means that a stock with a comparatively high price to earnings ratio can be undervalued if earnings are growing rapidly enough.
Warren Buffett knows a thing or two about value investing, and he believes that investors should not consider