The focus
of classical value and price theory was to free economies from economic rent, defined as unearned income simply resulting from privilege: absentee land rent, mineral and natural resource rent, monopoly rent, and financial interest.
«I can't believe ordinary sports fans have sat around and allowed the Olympics to be hijacked by the left,» wrote Eric Scheie of
blog Classical Values.
(2) Previously, he notes that culture was understood in a classical sense:
classical values were viewed as static and unchanging.
A classical value investor will not find the stock very attractive but there is no way to deny the moat that the company has built around its margins and the growth it has been able to generate.