The premise of value investing is that you need to have cash flow.

Many investment bloggers say that if you don't have ten million, your only hobby should be making money, and you should go gamble until you reach ten million. In reality, this statement is misleading. The reason the poor remain poor is that they are doing the wrong things; gambling will only make people poorer.

What should be done is to accumulate positive cash flow and capital through legitimate means. Then use value investing to leverage and get rich over time.