Jason Zweig writes “The Intelligent Investor” column on the Wall Street Journal’s Website (WSJ.com). The edition of Benjamin Graham’s “The Intelligent Investor” book with Zweig’s commentary is considered to be the version to read. His post on "Value Stocks Are Hot—But Most Investors Will Burn Out" dated 18th February 2013 makes the most sense on why so many investors do not succeed when they take the value investing approach and I thought it would be good to share with readers Some important excerpt from the article:
"Most people aren't cut out for value investing, because human nature shrinks from pain," the money manager Jean-Marie Eveillard told me this past week. His words are a reminder thatmaking money on cheap stocks—the goal of every value investor—is harder than it sounds and can take years to play out
