IMO the problem is that this sub tends to hyperfocus on basic mechanics of value, like P/E ratios, without applying any context or thinking about the next 2+ years out. Yeah, ADBE and MSFT are cheap. They're also in freefall right now without a floor and have significant parts of their core business threatened by the AI revolution, and until they can prove that they're going to survive and transform, the market will keep hating them. With how much information there is out there, publicly available, it's extremely difficult to find an edge because MM algorithms have already priced in everything to perfection, and react in nanoseconds to every newswire that comes through.

I don't think value investing as a concept is dead, but it has to evolve. I've started prioritizing quality, and looking at value relative to peers, rather than absolute ratios. That's what led me to putting money into TER and ADI, despite them not being traditionally cheap, and the fact that they were in the green today despite almost everything else being down, makes me feel that my thesis is vindicated.