Sankaran Naren: Value Investing Means Buying What Others Avoid

• Sankaran Naren, Executive Director and CIO at ICICI Prudential AMC, defines value investing as buying asset classes investors are avoiding.
• He emphasizes that value investing involves going against the flow of capital, rather than chasing assets attracting the most money.
• Market history, including periods like 1999-2001 and 2007-2009, has shown value investing's relevance despite initial doubts and high volatility.
• Naren suggests observing investor flows: crowded assets may signal limited opportunity, while ignored ones often offer better value.
• Successful value investing requires the discipline to allocate capital to currently unpopular areas for better long-term opportunities.