No. of Recommendations: 1
Sorry that this could be behind a paywall?
https://www.wsj.com/finance/investing/the-magnific..."The Magnificent 7 Are So Last Year. Cash Cows Are the New Kings."
I think this is worth pondering for many people.
"The investing secret that helped make Warren Buffett a multibillionaire isn’t working anymore, though probably not for the reason you would think."
"Value investing was never dead—it just had a measurement problem. Plenty of investors, including Joel Greenblatt of “Magic Formula” fame, and even Buffett himself, ignore the academic straitjacket plaguing some value indexes."
The writer extolled the virtue of using FCF-based measures.