Overall, value investing is an investment philosophy of finding undervalued securities that should eventually increase in value to be closer in line with (or above) the metrics of rivals or stock market averages.

FORBES: Is Warren Buffett Really A Value Investor?

They are the result of the underlying philosophy of shareholder value, rather than the true purpose of every firm: create value for customers.

FORBES: The Boeing Debacle: Seven Lessons Every CEO Must Learn

They add value by having a sound investment philosophy and staying consistent.

FORBES: More Advisors Suffer from Alpha Delusion

Once the investment chief at another Baltimore institution, Legg Mason (then called Mackubin, Legg), Price struck out on his own with a philosophy that would challenge value avatar Benjamin Graham.

FORBES: Price Is Right

"It's because Tony Blair's philosophy and politics and rhetoric was coming across so clearly, that Labour did not respect and value pensioners, and the 75p from wretched Gordon Brown was just a confirmation of what pensioners were already picking up, in the rhetoric that Labour was choosing to employ, " said Mr Willetts.

BBC: Going for grey