[byrneseyeview]

A fair number of quants use traditional valuation measures. In fact, one of the reasons that by-the-numbers value investing is so hard now is that so many funds are just buying the bottom 10% of companies by price/book, and shorting the top 10%; that compresses the price differences, meaning that value investors have to get more subjective.

To the extent that anybody was a quant back then, Graham probably counted: he did use lots of statistical rules, and he didn't use very much else.