GVAL: Buying What's Cheap Isn't Value Investing

Group 1 - The current investment environment is characterized as extraordinary, with a 16-year bull market leading to S&P 500 valuations significantly above historical averages, making it challenging to find value [1] - A seasoned value investor with nearly 20 years of experience adopts a global approach to identify undervalued companies that provide a significant margin of safety, focusing on those with strong earnings and attractive dividend yields [2] - The investor is particularly interested in companies trading at less than 8 times free cash flow, indicating a strong potential for future growth [2]