It is inaccurate to say that fundamental managers dig deep at the solo stock level, but have no models or disciplines. It is also unfair to say that quantitative managers apply skills to so broad a set of stocks that the process is superficial at the fundamental level, and often labeled black-box, datamining nerds. This is a misrepresentation. Many quantitative investment strategies rely on factors that are based on not only solid economic principles, but also on sound fundamental intuition (more on this in Chapters 5 and 6).
