A value-investing expert explains why beaten-down stocks are the most appealing since the dot-com bubble — and shares 3 stocks he bought as the coronavirus crash created 'rare' opportunities

· Tobias Carlisle, the founder and portfolio manager of The Acquirers Fund — a long/short deep-value exchange-traded fund — leans on historical data to make a compelling case for value-oriented investors going forward.
· Historically speaking, Carlisle says that "higher-than-average future returns" for value stocks follow...