Value Investing The process of selecting stocks that trade for less than their intrinsic value. A value investor typically selects stocks with lower than average price-to-book or price-to-earning ratios.

• 价值投资挑选买卖价格低于内在价值的投资方法。价值投资者一般选择价格对账面值比率或市盈率比市场平均低的股票。