It is a wakeup call for those who believe in old-style value investing and this caution comes from none other than the Professor of Finance at Stern School of Business at New York University (NYU), Aswath Damodaran, often referred to as the 'Dean of Valuation'. In a recent interview he did say "I think book value has completely lost its meaning. Value investing is not just buying low price to earnings or price to book stocks". It has become much more than that – was a mutual feeling. … [Read more...] about Value investing: Warren Buffett course-corrects his investment style, should you?