To buy shares of stock in a business trading at fair value means that it is highly likely that all of your return will be generated by earnings growth, and that there will be no excess return from the shares trending upward from an undervalued position.

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When you look at the overall results of the past five years, this position is still trending upward.

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In fact, if the historical record held true and Richard's body was stripped of its armor and flung face-down over a horse after the battle, he would have been in exactly the right position to allow someone to stab him upward in the right buttock, explaining one strike to the skeleton's pelvis.

CNN: February 4, 2013 -- Updated 1805 GMT (0205 HKT)