A Philosophy

Absolute Value is a philosophy.  It is a practical philosophy because it relates investing decisions to economics, which some believe is an academic arena.  However, over the course of most of history, as I have read it, all investment opportunities are ultimately valued relative to the perceived risk-free investment opportunity.  Currently, as of August 14 in 2015, the 'perceived' risk-free interest rate is reflected in U.S. Treasury bonds, and specifically the 10-year U.S. Treasury Bond that yields roughly 2 - 2.5% in recent months.  In my view, successful investors will have proprietary processes for evaluating investment opportunities relative to the currently-perceived 'risk-free' rate of return.