the behavioral economists Richard failor and Warner de Bond…
Page 139 the behavioral economists Richard failor and Warner de Bond examini of broader sample of under performing stocks found that a strategy of buying extreme losers over the proceeding two or five years earn significant access returns over the ladder years with prior losers out performing prior winners by around 8% per year.
— from Leadership & Business (Leadership/Business) · Investing with Keynes by Justyn Walsh