The article shows that certain types of investments, like value stocks, spin-offs, and turnarounds, can outperform the S&P 500 over one, three, and five years. By focusing on stocks with low P/E and P/B ratios, investors can potentially earn higher returns. This research suggests that these investment plays offer profitable opportunities for private investors, who could achieve excess returns through a passive buy-and-hold strategy. Overall, value stocks, spin-offs, and turnarounds have shown better long-term performance compared to the broader market index.