Does anybody here use a fundamental strategy (a la Buffet, Graham, Lynch) to pick stocks? Have you been beating the market consistently? It seems to me that even though the market efficiency hypothesis may be correct in certain respects, it can at least be said that it holds up the least during times like these. I am sure that there are companies being sold off out of fear. But how do you identify them safely? It seems more like gambling to me (predicting whether a company will grow or go out of business) where as traders only trade what they see. And now with ETFs, stocks seem even riskier by comparison. Any comments from investors who have successfully been picking stocks this way?