1991-2005 beat S&P 15 years running
Style -- "Long term value with contrarian overlay"
Find companies intrinsic business value (present value of future cash flows).
Free cash flow yield (under a chequebook account approach). We want min of 10%, higher the better.
These pioneers used accounting metrics. Once commonplace, and replicable, they lost their signal value.
Growth vital input to calculation of value. Faster growth, better company.
Step up a level, get the macro view, and account for that (normalize for high growth). Industry economics, sector economics, mgmt quality.
Luck.