Is there any value investor out there (aside from Buffet) who can beat the averages? Christopher Brown who wrote "The Little Book of Value Investing" was never able to. He comes from a lineage of money managers that includes Warren Buffett's partners. Here is his fund vs. the S&P 500. http://finance.yahoo.com/charts?s=TWEBX#chart7:symbol=twebx;range=my;compare=^gspc;indicator=volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off This makes me question if value investing for the individual is even possible. Anybody out there doing it successfully? (i.e. beating the averages consistently).