![Yes we can: Value investing, whose most famous proponent is Warren Buffett, has lost its fizz in recent years but some hedge funds are backing a revival](https://s.wsj.net/public/resources/images/FN-AJ296_FN_BUF_M_20191217122019.jpg)
Call it the revenge of the stock pickers.
As some of the hedge fund industry’s most famous macro traders call it a day, the simpler “buy cheap” style of investing most famously advocated by Warren Buffett is enjoying a comeback. And some managers are betting it will be sustained.