The Conventional definition: An investor who buys high price-earnings ratio stocks or high price to book ratio stocks.
The Generic definition: An investor who buys growth companies where the value of growth potential is being underestimated.
In other words, both value and growth investors want to buy undervalued stocks.
The difference is mostly in where they think they can find bargains and what they view as undervalued (value of the growth assets versus the value of the assets per se.)
If you are a growth investor, you believe that your capability edge lies in estimating the value of the growth assets better than others in the market.
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