[slykat]

For a good summary of the value investing philosophy checkout these books: Intelligent Investor by Benjamin Graham Margin of Safety by Seth Klarman

If you want to know this group of high performing value investors, c2 is referring to Buffet's article called "The Superinvestors of Graham-and-Doddsville". It's a pretty fascinating read. You'll have a hard time investing in most of these folks as they are all early proteges of Ben Graham (father of value investing) and as such many are dead or retired.

Regardless, I highly recommend reading those as they give you an idea of why some think a strong value investor can beat EMT & the market.