Value investing is a tried and tested approach that has worked wonders for investors in the past. However, in today's world, executing this strategy can be a daunting task, given the complexity of the annual reports that companies file. Even professional investors have a tough time understanding the profitability and valuation of companies due to the lengthy and convoluted filings they receive. With stocks becoming more volatile and earnings estimates less precise, investors could be misled into thinking they're making a wise investment when, in fact, there's another side to the coin they've not seen.