I think a lot of people misunderstand Benjamin Graham. Yeah... his strategy was mostly quantitative but he wasn't all quant -- far from it. According to what he wrote in the 1951 ed of Security Analysis, a price below a good statistical record (ie. the "quant" side of things) is a necessary but not a sufficient requirement for investment. The company should also have a decent outlook.

http://www.netnethunter.com/benjamin-graham-still-relevant-or-a-complet…