Question 1

Was ist Value Investing?

Accepted Answer

Value investing is the endeavor to acquire companies whose intrinsic value is higher than the current market price. Those who recognize this discrepancy have the opportunity to bet on a potential undervaluation and profit from the price increase in the long term. - Analyze the fundamentals: Key figures such as price/earnings ratio (P/E), price/book ratio (P/B) or free cash flow take center stage. -Margin of safety: Buying below the estimated intrinsic value creates a buffer against price falls and ensures higher potential returns. Long-term investment horizon: In contrast to short-term speculation, value investors often remain invested for several years and rely on the true value of a company becoming established over time.

Question 2

Was heißt Value Investing auf Deutsch?

Accepted Answer

There is no direct and common German translation for "value investing", as the term is usually used in its English form in the financial world. However, there are a few paraphrases that aptly describe the concept: "intrinsic value investing" - emphasizes that it is about the intrinsic value of a company. "Value investing" - emphasizes that investors are looking for undervalued stocks. "Investing in undervalued companies" - a descriptive but less catchy variant. "Long-term value-based investing" - could serve as an explanation if the English term is to be avoided. In practice, however, the German term is usually simply "value investing".

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 he is only allowed to make 20 investment decisions in his entire life - similar to a punch card with only 20 punching options. Key messages of this approach: Quality over quantity: Investors should focus only on their best ideas instead of making many average investments. Long-term thinking: Choose companies that can be successful in the long term rather than speculating on short-term gains. Thorough analysis: Since very few investments are made, every decision should be sound and well thought out. Patience and selective action: Many investors act too often and too hastily. The 20-punch-card approach forces you to invest only in the very best opportunities. Be more aware of consequences: When every investment uses up one of the few "punches" on the card, you think twice about whether it's really worthwhile. Buffett is saying: If investors focused on a few excellent companies and held them for the long term, their returns would be much higher than if they were constantly buying and selling.Practical relevance:He himself used this principle to buy companies such as Coca-Cola, Apple and American Express 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 aim is to acquire shares in companies whose market price is below their intrinsic value in order to benefit from a future increase in value. A prominent example of the successful application of the value strategy is Warren Buffett, who has achieved high long-term returns 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 sound finances.

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