While it is true that market factors will affect stock prices, value investors tend to look further down the road and, therefore, believe temporary fluctuations will not affect long-term profitability - when owning "value stock." In fact, the "buy and hold" stock strategy is employed by most value investors because they tend to hold onto value stocks for many years at a time. Where the two strategies differ is in their selection of stock.
Source: http://www.investorguide.com/igu-article-977-stock-strategies-buying-stocks-using-growth-strategy.html
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