As global markets fluctuate due to geopolitical tensions, inflation concerns, and changing interest rates, value investing is becoming increasingly relevant. Arnold Van Den Berg, a veteran investor, highlights the concept of 'value gaps'—the difference between a company's intrinsic value and its market price. He argues that during periods of market turmoil, fundamentally strong companies often become undervalued, presenting unique investment opportunities. Van Den Berg advises investors to focus on buying assets at a discount rather than reacting to market noise. This approach requires patience and discipline, especially in a landscape where short-term sentiment can drive prices away from intrinsic values. He notes that value investing is not limited to stocks but can also apply to bonds, real estate, and private businesses. Ultimately, the key lesson is to maintain a long-term perspective and act on value when others are hesitant, as true rewards often lie in understanding market volatility rather than merely reacting to it.