In 1986 Werner DeBondt and Richard Thaler released a research describing that investing in losers is an winning strategy:
But, I later learned, I think from Aswath Damodaran, that if you actually try to follow this strategy, due to the fact that most of the "loser" companies are small cap with low trade volumes, you won't be able to replicate this approach because of the prices spread.
Can someone refer me to more information about the Aswath's claim?
(sorry for my English)
Submitted May 04, 2019 at 05:27AM by ssmihailovitch http://bit.ly/2ZOhcN0
