Too Embarrassed To Ask: what is value investing?

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There's a lot of talk about a rotation into “growth” stocks – but do more established stocks still have value in them? That's what value investors believe, but this form of investing requires one thing that not many people – rich or poor – have much of: patience.
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Most investors (or some) definitely know what is value investing. What they would need how to do discount cash flow and valuations helpful for a beginning value investor.

tracycove
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Great brief intro to value investing. Walstreet media thinks Value investing is just low P/B and nothing else.

rhythmandacoustics