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Am I wrong that most of what gets called value investing is closer to Graham than to Buffett?

u/fff_bbb · Reddit — r/ValueInvesting · May 25, 2026 at 21:58 · ⬆ 19 pts · 💬 23 comments  | View on Reddit ↗
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Summary

  • The post argues that many self-identified value investors claim to follow Buffett’s quality approach but actually run Graham-style screens (low P/E, low P/B, low EV/EBITDA) that pick cigar butts – statistically cheap, often declining businesses.
  • Author warns that building DCFs on such businesses (which are structurally declining) gives a false veneer of quality analysis, leading to underperformance.
  • The post is a conceptual critique of value investing methodology, not a specific stock analysis. It is well-reasoned opinion/commentary (speculation) based on the author's 12 years of experience.
Score 19
Comments 23
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