: Many tech giants (Amazon, Alphabet) are actually "value" stocks because traditional accounting (GAAP) mislabels their growth investments as expenses, hiding their true earnings power .
: Durable moats like network effects or high switching costs. Where the Money Is
The phrase " Where the Money Is " carries significant weight across finance, history, and pop culture, most notably as the title of influential book on modern investing. 1. Value Investing in the Digital Age (Book) : Many tech giants (Amazon, Alphabet) are actually
: Ensuring a margin of safety, typically aiming for at least a 5% earnings yield. 2. Origins: The "Willie Sutton Rule" Origins: The "Willie Sutton Rule" In his book
In his book Where the Money Is: Value Investing in the Digital Age , Adam Seessel argues that traditional "Value 1.0" (buying cheap assets) and "Value 2.0" (Buffett-style moats) must evolve into .