Perpetual is a large funds management firm. In an investor letter, Perpetual wrote, "Value investing does not mean buying structurally broken businesses because they trade at low price to earnings multiples it means getting into the weeds and scouring for quality companies which generate sustainable cash flows that aren't always obvious at first glance" (Australian Financial Review, Aug 24, 2020). Choose the most correct answer to complete the sentence. The given quote suggests that the fund believes in Select one: a. Passive value indexing b. Systematic-based trading rules c. Combining momentum with value investing d. Passive value screening O e. Active value investing