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“Oppenheimer’s second finding is his most interesting one. He split the stocks into two groups. One had only profitable stocks, and the other, only loss makers. Oppenheimer found the loss makers beat the profitable group.”

Tobias Carlisle, The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
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The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market by Tobias E. Carlisle
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