Includes an up-to-date analysis of today's investment environment, the collapse of the bond market, the plummeting prices of precious metals, and new material on the contrarian investment strategy. DOWNLOAD NOW » Author: David N. Publisher: Random House Incorporated. Category: Investments. Viii, 481 p.: 24 cm 'In this major revision of his investment classic, one of the premier investment managers introduces vitally important new findings in psychology that show why most investment strategies are fatally flawed and his contrarian strategies are the best way to beat the market. May 18, 1998 View: 980. David Dreman's name is synonymous with the term 'contrarian investing,' and his contrarian strategies have been proven winners year after year. His techniques have spawned countless imitators, most of whom pay lip service to the buzzword 'contrarian,' but few can match his performance.
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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One of the Street’s best-known and most articulate contrarians, Dreman has updated his investment classic, Contrarian Investment Strategiesusing recent research on investor psychology. He presents research to show that investing in a certain way allows you to beat the market.
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His techniques have spawned countless imitators, most of whom pay lip service to the buzzword “contrarian,” but few can match his performance. Has it worked for me?
English Choose a language for shopping. Bobby marked it as to-read Sep 17, Discover Prime Book Box for Kids. It also packs a good dose of simple executable advice – in essen Dremen’s name is eponymous with successful contrarian investing and this book methodically contrsrian why along with the impressive records of the Kemper-Dremen funds.
Despite it being written almost 20 years ago, the strategies outlined here are still applicable. David Dreman is a noted investor, who founded and is the Chairman of Dreman Value Management, an investment company.
A Deep Dive Into A Contrarian Investment Strategy Seeking Alpha
When the dependency on physical realty is low, the dependency on social reality is bond to be high, as man, psychologically, can only take up to a certain level of uncertainty. Nov 30, Steve Bradshaw rated it it was amazing Shelves: At the heart of his book is a fundamental psychological insight: Manager of the Kemper-Dreman High Return Fund and chair and CEO of Dreman Value Management, Dreman analyzes contrarian investment strategies for the s and into the 21st century, defining contrarian investment as involving buying and selling securities by going against the crowd and prevailing investor opinions.
He presents a new paradigm for investing based on cognitive biases, which result in predictable errors and reactions. Thanks for confrarian us about the problem. Dreman also writes a column for Forbes Magazine.
Why contrarian stocks offer extra protection in bear markets, as well as delivering superior returns when the bull roars. Although EMH has been disproved by black swan events in many circumstances, it still has a large support base due to the lacking of a better theory.
In this Dreman, who published his first book on investment 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. Jul 21, Yushi Wei rated ddeman it was amazing. Both were more for people who people individual stocks although I managed to get some useful information nonetheless. Sep 24, Tirath rated it liked it. Will marked it as to-read May 20, All in all, I believe the book remains as relevant today as it was in the mid’s, particularly as the IPO market gears up again, this time with social networking stocks.
He stuck to a strategy he found stdategies effective. At some point it will be time to switch and be back in stocks and at that time I again will use what David Dreman promotes, buying undervalued out of favor stocks and holding them till they are more dearly valued.
Recency – people think disasters are more likely because they have happened recently. This book will limit your risk in the stock market and keep you out of investing “bubbles. May 31, Alan Deng rated it really liked it.
My 20 years of investing has dgeman me to retire at 55 if that is any indication and I have already said that this book has been the most influential of any I have read, so yes, value investing has worked for me. Our beliefs, values and attitudes can be thought to lie along a continuum. Customers who bought this item also bought. I tried to extract points from the book, which I believe are either unique or original as far as the field of investment concerns.
Contrarian Investment Strategies: The Classic Edition
Dreman shows that low multiples over time leads to higher returns and that this is not the consequence of higher risks. David Dreman’s name is synonymous with the term “contrarian investing,” and his contrarian strategies have been proven winners year after year.
Powerful psychological forces prevent us from pursuing a contrarian investment strategy, although it consistently beats the market, according to David Dreman, a seasoned money manager and long-time columnist for Forbes magazine. I get it, you don’t believe Overall I liked this book. Alfred Tong marked it as to-read Jul 06, Of all the investment books I have on my shelves, I would say that this book has been more influential than any other when it comes to investing in stocks.
This research clntrarian proven that we are woefully inadequate as intuitive statisticians.
Contrarian Investment Style
Editor: Simon and Schuster
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David Dreman's name is synonymous with the term 'contrarian investing,' and his contrarian strategies have been proven winners year after year. His techniques have spawned countless imitators, most of whom pay lip service to the buzzword 'contrarian,' but few can match his performance. His Kemper-Dreman High Return Fund has been the leader since its inception in 1988 -- the number one equity-income fund among all 208 ranked by Lipper Analytical Services, Inc. Dreman is also one of a handful of money managers whose clients have beaten the runaway market over the past five, ten, and fifteen years. Now, as the longest bull market in the history of the stock market winds down, there is increasing volatility and a great deal of uncertainty. This is the climate that tests the mettle of the pros, the worries of the average investor, and the success of David Dreman's brilliant new strategies for the next millennium. Contrarian Investment Strategies: The Next Generation shows investors how to outperform professional money managers and profit from potential Wall Street panics -- all in Dreman's trademark style, which The New York Times calls 'witty and clear as a silver bell.' Dreman reveals a proven, systematic, and safe way to beat the market by buying stocks of good companies when they are currently out of favor. At the heart of his book is a fundamental psychological insight: investors overreact. Dreman demonstrates how investors consistently overvalue the so-called 'best' stocks and undervalue the so-called 'worst' stocks, and how earnings and other surprises affect the best and worst stocks in opposite ways. Since surprises are a way of life in the market, Dreman shows you how to profit from these surprises with his ingenious new techniques, most of which have been developed in the nineties. You'll learn: Why contrarian stocks offer extra protection in bear markets, as well as delivering superior returns when the bull roars. Why a high dividend yield is just as important for the aggressive investor as it is for 'widows and orphans.' Why owning Treasury bills and government bonds -- the 'safest investments' for centuries -- is like being fully margined at the top of the 1929 market. Why Initial Public Offerings are a guaranteed loser's game. Why you should avoid Nasdaq ('the market of the next hundred years') like the plague. Why crisis, panic, and even market downturns are the contrarian investor's best friend. Why the chances of hitting a home run using the Street's best research are worse than being the big winner in the New York State Lottery. Based on cutting-edge research and irrefutable statistics, David Dreman's revolutionary techniques will benefit professionals and laymen alike.