Matt Levine, Columnist

Value Investing and CEO Churn

Also structured-notes platforms, employee retention, Martin Shkreli and prolific stock-pickers.

July 6, 2017 at 1:34 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

Value investing.

The basic process of value investing is that you go look for stocks that are underpriced relative to their fundamentals, and you buy them, and you wait for everyone else to notice how underpriced they are, and you get tired of waiting, and you go complain to the press about how undervalued your stocks are. Here is an article where some value investors -- at Parnassus Investments, a mutual-fund firm -- complain that their undervalued stocks are still undervalued: