Another thing is, one is paid in the market to bear risk.If the company cant lose money then there is no risk and there would be no profit, the return rate will quickly go down to the risk-free rate."Value Investing' is easier to talk about then to apply it in the real world.Do you know that the fund based on Benjamin Graham's ideas were one of the worst performing mutual funds of all time.Benjamin Graham sold out when Dow was 500 believing it wont go any higher.Thats another problem with FA, it keeps you out of the exuberance that markets exhibit.
Also, just scanning for PEG, EPS, Sectoral Plays etc is NOT FA and investing has nothing to do with directional betting on the market.However you will find that most 'investors' are just interested in analyzing why the market have topped or why it shouldnt go lower.
Also, just scanning for PEG, EPS, Sectoral Plays etc is NOT FA and investing has nothing to do with directional betting on the market.However you will find that most 'investors' are just interested in analyzing why the market have topped or why it shouldnt go lower.