In the investment market, there are countless ways to make money. Some adhere to value investing, seeking companies whose price is below their intrinsic value; others specialize in arbitrage, profiting from price differences in certain events; some like to dig into small-cap stocks, trying to find dark horses that the market has not yet discovered; while others do not research individual stocks and simply buy index funds for the long term. People have made huge fortunes with all these methods, but many have also lost everything. Because the true source of excess returns is never just a single investment label. A confused person using the correct investment name will still lose money. Some claim to be value investors on the surface...