I don't think you have to do fancy algorithms or deep quant or anything else to uncover deep value. You only have to be patient and be willing to pick-up a good company when the market has discarded it to the side of the road.
I call this value investing. In order to do it you have to have some gumption as to what you think the company is worth. The reason and the cause of the 'fall from grace' are important because you have to discern that it is a temporary setback.
The aforementioned is a company specific self-inflicted own goal or some sort.
The other major time when 'value' investing can work healthily is when the market itself has got itself in a panic and is casting everything out with the bathwater.
Contrarianism is ingrained deep within the process.
Both instances call for a gauge of intrinsic value, conviction, courage and patience. Those are the most important elements to being and becoming a better investor.
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