Question 1

Was ist Value Investing?

Accepted Answer

Value investing is the endeavor to acquire companies whose intrinsic value exceeds the current market price. Identifying this discrepancy offers the opportunity to capitalize on a potential undervaluation and benefit from long-term price appreciation. - Analysis of the fundamentals: Key figures such as price-earnings ratio (P/E ratio), price-to-book ratio (P/B ratio) or free cash flow are the focus. - Margin of safety: A purchase below the estimated intrinsic value creates a buffer against price declines and ensures higher return opportunities. Long-term investment horizon: Unlike short-term speculation, value investors often remain invested for several years, relying on the true value of a company to prevail over time.

Question 2

Was heißt Value Investing auf Deutsch?

Accepted Answer

There is no direct and common German translation for "Value Investing" because the term is mostly used in its English form in the financial world. However, there are some paraphrases that aptly describe the concept: "Substanzwert-Investieren" - emphasizes that it is about the intrinsic value of a company. "Wertorientiertes Investieren" - emphasizes that investors are looking for undervalued stocks. "Investieren in unterbewertete Unternehmen" - a descriptive but less catchy variant. "Langfristiges wertbasiertes Investieren" - could serve as an explanation if the English term is to be avoided. In practice, however, the term "Value Investing" is usually used in German as well.

Question 3

Was ist Buffets "20-Punch-Card"

Accepted Answer

Warren Buffett's "20-Punch-Card" approach is a metaphor for a disciplined, long-term investment strategy. It means that an investor should imagine that they are only allowed to make 20 investment decisions in their entire life - similar to a punch card with only 20 punching possibilities. Core statements of this approach: Quality over quantity: Investors should focus only on their best ideas instead of making many average investments. Long-term thinking: One should select companies that can be permanently successful instead of speculating on short-term profits. Thorough analysis: Since one makes very few investments, each decision should be well-founded and well-thought-out. Patience and selective action: Many investors act too often and hastily. The 20-Punch-Card approach forces one to invest only in the very best opportunities. Making consequences more conscious: If each investment consumes one of the few "punches" on the card, one thinks twice about whether it is really worthwhile. Buffett says: If investors were to focus on a few, excellent companies and hold them for the long term, their return would be much higher than if they were constantly buying and selling. Practical relevance: He himself has bought companies like Coca-Cola, Apple or American Express with this principle and held them for decades - with enormous success.

Question 4

Was ist die Value Strategy?

Accepted Answer

The value strategy is based on the identification and acquisition of undervalued companies with solid fundamentals. Investors analyze factors such as the price-earnings ratio (P/E ratio), the price-to-book ratio (P/B ratio), the dividend yield and the financial stability of the company. The goal is to acquire shares of companies whose market price is below their intrinsic value in order to profit from a future increase in value. A prominent example of the successful application of the value strategy is Warren Buffett, who has achieved high returns in the long term with his company Berkshire Hathaway. Buffett emphasizes the importance of the margin of safety and prefers to invest in quality companies with strong competitive advantages, reliable management and solid finances.

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