David Samra, Portfolio Manager of Artisan Partners’ International Value Fund, speaks with Real Vision managing editor Ed Harrison about the subtle art of value investing. Samra, who defines value investing simply as buying something well below its intrinsic value, shares the four criteria he and his fund use when looking at stocks: undervaluation, quality, financial strength and management alignment. He and Ed also discuss how investors can avoid the pitfalls of so-called “value-traps” – i.e. when a stock is cheap because there’s a reason it’s cheap. Lastly, Samra analyzes two companies that are in his fund’s portfolio: ABB and Compass Group PLC. Filmed on August 3, 2020.