See gap-to-edge rules

The gap-to-edge rules help the investor to avoid the behavioral gap and provide him with a behavioral edge. Beat the behavioral gap and take advantage of the behavioral edge.

One subspecies of growth investing is GARP. This refers to growth at a reasonable price. It sounds reasonable enough. The notion is that one must keep in mind the danger of overpaying for growth. When we look at Benjamin Graham’s and Warren Buffett’s principle of buying with a margin of safety it will be apparent that one should never pay a reasonable price for any stock no matter what its growth prospects.