When people give away stocks based on forced selling or fear that is usually a great opportunity.
The single greatest edge an investor can have is a long-term orientation.
One of the biggest challenges in investing is that the opportunity set available today is not the complete opportunity set that should be considered. Limiting your opportunity set to the one immediately at hand would be like limiting your spouse to the students you met in high school
Value investing by its very nature is contrarian.
Flexible approach - will look at ALL asset classes.
To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still some higher price. The goal is to buy the first, avoid the second, and sell the third.