Group 1 - The current stock market presents challenges for investors seeking dividends, with the S&P 500 payout ratio significantly lower than historical levels, dropping from 64% in 1960 [1] - TQP Research adopts a value-oriented investment strategy, focusing on identifying businesses that align with long-term success criteria established by renowned investors like Warren Buffett and Charlie Munger [1] - The investment topics covered by TQP Research include market analysis, macroeconomic trends, large-cap blue chip companies, and undervalued micro-cap and small-cap stocks that are often overlooked by institutional investors [1]