A cataract is a clouding of the eye's naturally clear lens.
The lens focuses light rays on the retina, the layer of light-sensing cells lining the back of the eye, to produce a sharp image of what we see.
When the lens becomes cloudy, light rays cannot pass through it easily, and vision is blurred.
In cataract surgery, the cloudy lens is removed from the eye through a surgical incision.
In most cases, the natural lens is replaced with a permanent intraocular lens (IOL) implant.
In addition to focusing on investment opportunities in profitable segments of the market, the Talanta Investment Group, LLC uses a general cash flow based “value” investing strategy.
This investment strategy is derived from the investment philosophy known as “value investing” which has outperformed the market over the past 75 years.
The intellectual framework of this investment philosophy was introduced in the 1930’s through the teachings of Ben Graham and David Dodd at Columbia Business School.
The basic premise of value investing is that most companies have a true intrinsic value to owners that can be determined and often becomes disconnected from current market prices.
Profitable investments are made below intrinsic value.
This spread is what Graham termed the “margin of safety” for the investor.
The value investing discipline has been practiced successfully by many of Graham’s students, including Warren Buffett, Walter Schloss, and Irving Kahn as well as by other disciples such as Mario Gabelli of Gabelli Asset Management, Martin Whitman of the Third Avenue Value Fund, and Joel Greenblatt of Gotham Capital.