Concentrated Value Investing

value investing is generally like stock picking as individual. It's just using a computer to do what the fundamental stock pickers do, right? And so most people that run quantitative investment portfolios are going to say, Hey, you got 500 stocks and S and P. We don't care about career risk. Let's just go buy the 10% cheapest PE stocks. But obviously the downside of that is you're very, very different and not like the market.