Quote of the day by Jean Marie Eveillard: "If you are a value investor, every now and then you lag, or experience what consultants call tracking error. It can be very painful. To be a value investor, you have to be willing to suffer pain."

Renowned investor Jean-Marie Eveillard says value investing requires patience, discipline and the willingness to endure painful periods of underperformance. He argues that investors must accept tracking error and remain focused on valuation, fundamentals and long-term intrinsic value despite shifting market preferences.