Active investors combine fundamental and technical analysis, moving in and out of the market in accordance with the phases of the business cycle.

What is Fundamental Analysis? Fundamental analysis attempts to determine the present value of a stock based on its expected future cash flows.

The critical questions in value investing are: At what rate will earnings (and dividends) grow over the investment period? What is the (investments) risk? Can management be trusted...

The PEG ratio is a powerful formula which compares earnings growth and the Price Earnings Ratio: Divide the current Price Earnings Ratio by the expected long-term growth rate (in earnings per share) ...

How to calculate the value of future cash flows to you and assess your margin of safety.

Use projected dividends to calculate the margin of safety (popularized by Warren Buffett and Benjamin Graham) for an investment.