What Warren Buffett's Move Away From Book Value Means for ETFs

The video discusses the role of book value in accounting and value investing, highlighting its limitations, especially in capturing intangible assets. It explores the impact of book value on ETFs, particularly in the smart beta category, and suggests alternatives like enterprise value for those seeking different metrics.

Discuss the relationship between book value and the performance of value ETFs.

What are some alternatives to book value for evaluating ETFs?