VIG: Strong Returns May Be Setting Up A Weak Future

Core Insights - Companies that consistently grow their dividends are favored by investors due to the reliable and increasing stream of passive income they provide [1] Group 1: Investment Strategy - A seasoned value investor, Philipp, focuses on identifying undervalued companies with significant margins of safety, leading to attractive dividend yields and returns [2] - Philipp emphasizes a global approach to investment opportunities, without limiting to specific sectors or countries, but prioritizes companies he thoroughly understands [2] - A particular interest is shown in companies with a solid earnings track record trading at less than 8 times free cash flow, which reflects a strong investment criterion [2]