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A simple Long-only Value Investing without Momentum
  1. The long-short version does not work
  2. The strategy needs to be market-neutral. I can't make the beta zero
  3. Ideally one needs to use combination of financial statements and market signals not just EBITDA to EV
  4. Strategy holds cash for quite some time, this can be improved by going to Russell 1000 and investing across a broader range of stocks