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There's never been a worse time in history to be a value investor. Value investing is a strategy whereby investors look for stocks that are underpriced relative to a fundamental analysis of the companies worth, and one that was made famous by Berkshire Hathaway chief executive Warren Buffett. While value investing helped make Buffett the third richest man in the world, it's been a losing strategy since the financial crisis, when stock markets have been driven more by macroeconomic events than company fundamentals, and dominated by fast-growing, technologically innovative companies like Netflix Inc. (NFLX)  and Amazon.com Inc. (AMZN) with sky-high valuations that value investors typically avoid.

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