Investing In Value Stocks – Prudent Speculator Picks: PFE & PYPL

The Prudent Speculator, the value-oriented investment newsletter I have edited for more than three decades, has been guided–through thick and thin–by three core tenets: patience, selection and diversification.

I believe selection improves the odds of success and have always championed value investing, which is the ownership of assets at bargain prices. At the core is the notion that today’s price is below the future value. In practice, I am happy to pay a low price for a stock today that I expect is going to be worth more in the future.