Warren Buffett's continued focus on US industrials reflects their strong economic moat, high profitability, and attractive valuations, aligning with his value investing principles and offering substantial growth potential. Macro tailwinds make the opportunity especially compelling.

In the latest GMO Emerging Equity Insights, titled “Contemplating Value in Emerging Markets Intelligently, with a Little Help from Ben Graham” Amit Bhartia and Matt Seto revisit Ben Graham’s principles of value investing and extrapolate them to investing in emerging markets.