Core Insights - The article emphasizes that simple market-cap weighted strategies often outperform more sophisticated smart-beta strategies in investment performance [1] Group 1: Investment Strategies - The author expresses a preference for smart-beta strategies but acknowledges that simplicity often prevails over complexity in investment approaches [1] - The focus is on identifying underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] Group 2: Sector Focus - The research primarily concentrates on the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The analysis extends to various other industries, such as mining, chemicals, and luxury goods [1] Group 3: Analytical Approach - The author advocates for a thorough assessment of Free Cash Flow and Return on Capital, in addition to basic profit and sales analysis, to gain deeper investment insights [1] - There is an acknowledgment that some growth stocks may justifiably command premium valuations, highlighting the importance of critical evaluation of market opinions [1]