Value stocks can be a helpful solution for an investor in their "income" or retirement stage - someone who wants to create and manage a flexible income stream in a simple fashion. Research shows that a 50/50 portfolio representative of the Large and Small cap value universes / indexes has sustained an annual, inflation adjusted "5%" withdrawal rate ( "sale of shares", dividends reinvested ), accompanied by terminal portfolio growth, over seventy-one rolling 20 year periods ( and even rolling 30 year periods ) since 1931 ( Charts 2 and 3 https://tinyurl.com/yckmev96 ).
A modern investor is fortunate to have available well diversified, low expense value index funds ( such as the low expense Vanguard Value ( VTV ) and Vanguard small-cap value ( VBR ), the DFA Large and Small Cap Value, Advantis Large and Small cap value, Fidelity Value Factor, etc. ), which may be used for this purpose.

The beauty of this process is that this income stream survived World Wars, recessions, a myriad of geopolitical and economic environments, pandemics, inflationary / deflationary periods, etc.