Sentences with phrase «cigar butt approach»
One way to beat the tax issue is to «out - run» the tax hit through great returns, even if it means higher turnover from a quantitative, cigar butt approach.
https://valuingdisruption.com/ Not exact matches
Value investors in my opinion generally follow two distinct approaches to investing: the Graham «cigar butt» strategy or Buffett's quality at a discount.
Early Buffett followed an investing approach known as cigar butt investing, and is straight from the Benjamin Graham playbook.
The approach is called cigar butt investing because it's likened to the idea of picking up a cigar butt that's been discarded on the street but still has one good puff left in it.
I've since shifted away from concentration and back to a well - diversified, cigar butt portfolio, a la Ben Graham and Walter Schloss, largely because of the emotional challenges of Buffett's concentrated approach.
Other Graham - style value investors wish Munger and Buffett the best of luck with looking at quality as a factor in their decision - making and are comfortable with their own «cigar butt» approach.