For quite some time, I found it hard to explain my approach. Value investing? Dividend investing? I am not going to pull my hairs over the words, but I realized I have many unanswered questions as I reflect on my investing journey. First of all, let's go into the buy side of investing. I am definitely not pressing the "buy" button using numbers as the only decision. Not that numbers are not important, but no way am I going to base an decision by some ratios like ROE, P/B, PE etc. The numbers are never static, and it is the future numbers that are more important, and the future numbers are determined by growth, and the current numbers determine the margin of safety. Now, I think I have 2 approaches to finding "growth" in stock, and 1 approach in finding "safety" 1) Buying alpha cyclical stocks, wait for reversion to ......