“It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” – Warren Buffett

Smart investors often consider value style as one of the most effective approaches. In value investing, the focus is on stocks that are trading below their inherent worth but are fundamentally sound. An investment decision based on the intrinsic value of stocks seems feasible in an economy which is currently coping with Trump’s tariff threats, possibilities of faster-than-expected rate hikes and a choppy trading month due to mid-term elections.

Nevertheless, these don’t show markedly on the economy for now, courtesy of historic tax cuts, higher government spending and deregulation. Per the second estimate released by the Commerce Department, U.S. economy expanded at an annualized rate of 4.2% during the April-June quarter, the fastest in almost four years. On the whole, the economy expanded 3.2% in the first half of this year, raising hopes that it may attain or beat Trump’s target of 3% annual growth.