In this paper, we use metrics of Ben Graham’s value investing principle to examine the actions taken by Warren Buffet toward three prominent stocks: Amazon, Apple and Walmart. We find that decisions of investment/dis-investment and not-investment by Buffet toward the stocks are largely in line with Graham’s view on value investing. This paper provides in-depth analysis of value for three stocks and relates to research on the book-to-market anomaly in the finance literature.
Wu, S., Kuehn, K., & Jiang, J. (2019). The value perspective: The case of Warren Buffet and his investment behavior towards Apple, Walmart and Amazon. Global Journal of Accounting and Finance, 3(1), 73-87.
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