Why Gotham's Greenblatt Likes 'Gushing' Cash-Flow Stocks

The video discusses value investing, focusing on market valuation and expected returns. It highlights the current market's position in the 22nd percentile towards being expensive and explores the potential for subnormal returns. The speaker emphasizes the importance of cash flow over traditional metrics like PE ratios. The discussion also covers tech stocks, particularly FANG stocks, and the challenges of investing in high-multiple companies. The video concludes with a comparison of value and growth investing, noting a potential shift in investor preference towards value stocks.

What is the significance of the 22nd percentile in the context of market valuation?

What are the implications of a market that has been cheaper 78% of the time?

What factors contribute to the classification of stocks as 'expensive' or 'cheap'?

How do expected returns change if the market falls by 18 or 20%?

What does the speaker mean by 'tyranny of the anecdote' in investment strategies?

In what ways does the speaker differentiate between traditional value investing and their own approach?

How does the speaker view the relationship between growth and value investing?