Both the rise in cryptocurrencies and the volatility of stock and bond prices last month have led to many questions about whether value stocks are still a good place to invest. Growth stocks have risen in price far faster than value stocks over the past several years, and especially last year, which was marked by money-losing Tesla surpassing the market value of GM, who sells many more cars far more profitably.
I was glad to see this interview with legendary investor Warren Buffett last week, where he repeated what I said last month about investing like a landlord, and looking at what cash flows the underlying asset generates rather than just looking at the price. Here is the full interview: