Where The - Money Is
: Many tech giants (Amazon, Alphabet) are actually "value" stocks because traditional accounting (GAAP) mislabels their growth investments as expenses, hiding their true earnings power .
In his book Where the Money Is: Value Investing in the Digital Age , Adam Seessel argues that traditional "Value 1.0" (buying cheap assets) and "Value 2.0" (Buffett-style moats) must evolve into . Where the Money Is
: Ensuring a margin of safety, typically aiming for at least a 5% earnings yield. 2. Origins: The "Willie Sutton Rule" : Many tech giants (Amazon, Alphabet) are actually
: Leaders who act like owners and allocate capital wisely. The phrase is famously attributed to bank robber
: In medicine and business, this has evolved into "Sutton's Law," which advises professionals to look for the most obvious cause or solution first.
The phrase is famously attributed to bank robber , who, when asked why he robbed banks, reportedly replied, " Because that's where the money is ".
: It encourages investors to focus on large, growing markets rather than obscure or struggling industries. 3. " Where the Money Is " (2000 Film)