In his books, David Dreman presents a proven strategy for investing while also addressing the psychological reasons that many investors fail. Contrarian Investment Strategies has ratings and 18 reviews. Ming Wen said : David Dreman’s Contrarian Investment Strategy should occupy the 3rd place. Contrarian Investment Strategies in the Next Generation has 21 ratings and 2 Canadian born value investor David Dreman founded New Jersey based.
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Withoutabox Submit to Film Festivals. I will say that not all periods of time are best to be in the stock market. Why contrarian stocks offer extra protection in bear markets, as well as delivering superior returns when the bull roars.
His Kemper-Dreman High Return Fund has been the leader since its inception in — th David Dreman’s name is synonymous with the term “contrarian investing,” and his contrarian strategies have been proven winners year after year. There’s a problem loading this menu right now. Dreman is on the board of directors of the Institute of Behavioral Finance, publisher of the Journal of Behavioral Finance.
Dreman was awarded a Doctor of Laws Degree from the University of Manitoba in and is a member of the Board of Trustees of the university. He offers a new refinement of his low-price strategy, which involves picking the cheapest stocks within industries, to create a diversified, contrarian portfolio.
Contrarian Investment Strategies: The Classic Edition by David Dreman
Refresh and try again. Victor rated it really liked it Sep 22, When it is the best place to be, the ideas in this book work, as long as a person has the mental discipline to allow them to work.
In this Dreman, who published his first book on deman psychology inwas truly before his time and he not only discusses individual biases among investors but also group dynamics, social validation and herding leading to wider market miss-pricings. Read contrafian original if you can. As the price patterns are so complex that chartists often disagree on their meaning there is always lingering hope.
Positive surprises only lead to minor outperformance for high PE-stocks while low PE-stocks soar.
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To see what your friends thought of this book, please sign up. And then Dreman gives data to prove this. Contrarain rated it liked it Nov 13, Instead he looks for stocks trading at below-market multiples of per-share earnings, cash flow, book value, or dividend yield.
Why contrarian stocks offer extra protection in bear markets, as well as delivering superior returns when the bull roars. This tends to comfort people, as it reduces the level uncertainty. Why a high dividend yield is just as important for the ijvestment investor as it is for “widows and orphans.
A Deep Dive Into A Contrarian Investment Strategy
He also provides things to consider when hiring a broker and financial advisor. Buy the selected items together This item: I get it, you don’t believe Overall I liked this book.
I found this book very useful for someone wanting to beat the market in a “smooth” and long term way.
The book may appear “too long” but is very scientific, and it’s readable for those as me, that find interesting markets psychology. But drreman intellectual depth and thoroughly tested advice make many other investment books look paltry and superficial by comparison.
People who are liked like biaswho have high status authority biaswho are reputed to be competent on the judgmental task authority bias or who merely exude self-confidence are more effective in influencing others.
Ashiesh Bhatia rated it it was amazing May 08, Tim marked it as to-read Feb 22, A contrarian style of investing has had a tough run since the financial investmenr, but that could lead strategiies an interesting opportunity when value stocks eventually turn. Rob added it Oct 15, The recent trend is thought to be the new permanent trend.
Aditya Harite marked it as to-read Mar 29, It’s a decent book for stratefies library – not much else. He emphasizes the importance of investor psychology, which he terms “the necessary link required to activate the contrarian strategies we will now examine.