Why Morningstar favours valuation-driven investing

Focusing on valuations, rather than price movements, offers discipline and a margin of safety.

Michael Keaveney 15 May, 2018 | 5:00PM

 

 

Michael Keaveney: Morningstar favours a valuation-driven approach to investing, as seen in our equity research, manager selection and investment management work around the world. The approach boils down to determining what an investment is worth and getting it at a discounted price.

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About Author

Michael Keaveney

Michael Keaveney  Michael Keaveney, CFA, is Director, Investment Management at Morningstar Associates, Inc.

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