In value investing the most important element is price of entry. if you are follower of buffet/graham the companies which fits into the criteria are high ROE,low debt,good growth,strong brands and moats. but often these companies (e.g nestle) have high PE multiple and the price of entry is almost always high and the opportunity load shares is every slim (may 2008) and for ordinary investors to put large sums of money at that particular time is small
how does one resolve this dilemma?
nambi