What's Wrong with Today's Value Investing? [View article]
can you modify your original screen such as to exclude banking and insurance stocks? that might be all it takes to really fix it. the rationale: banks nowadays are mostly highly leveraghed hedgefund-type institutions with lots of assets and liabilities off-balance sheet that grossly distort the valuation metrics. Similiar for many insurers. would be interesting to see what the result would be?
What's Wrong with Today's Value Investing? [View article]
would be interesting to see what the result would be?