In this video I test Joel Greenblatt’s Magic Formula investing strategy using S&P 500 data from the last decade.

I analyze the performance of the original formula and compare it to several variations, including a modified approach that replaces earnings yield with price-to-free-cash-flow.

The results lead to a new strategy I call the Quality Cash-Flow Formula, which combines ROCE and P/FCF to identify quality stocks trading at reasonable prices.Quality At A Fair Price: https://qualityatafairprice.substack.com/Patreon: https://www.patreon.com/LongacresFinanceDisclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice.#dividendincome #dividends #dividendgrowthinvesting