, Columnist
Mr. Market Is Offering Us a Second Bite at Value Stocks
They look compellingly cheap, thanks to Covid, and the opportunity may not last long.
Are you in a winner’s or a loser’s game?
Photographer: Jamie McDonald/Getty Images
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Investing is about opportunism, as much as it is about hard work, discipline and patience. That is the founding creed of value investing. As laid out by Benjamin Graham almost 90 years ago, Mr. Market is a manic-depressive who will occasionally give you the opportunity to buy stocks for less than they are worth. Doing so is more easily said than done. But is it just about possible that Mr. Market is giving us a second chance to buy into value stocks at ridiculously cheap valuations?