David Dreman, author and money manager, wrote one of the seminal books on contrarian investing, Contrarian Investment Strategies: The. These books are the basis for the AAII David Dreman screen. Dreman Screen. Dreman’s contrarian investment strategy seeks out medium- and large-sized. courses: Living in the Environment, 16th edition ( pages, Brooks/Cole ),. . B. Millman, University of Massachuse.

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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 shows why along with the impressive records of the Kemper-Dremen funds. Why crisis, panic, and even market downturns are the contrarian investor’s best friend.

Contrarian Investment Strategies: The Classic Edition by David Dreman

A very good basic introduction on how value strategies outperformed all other strategies etc. It’s as good a starting point as any if you’re interested in investing in stocks for the long run. It is so automatic that we barely recognise we are doing it.

And then it went on about the recentetc crisis. Volatility takes inputs that seemed to correlate with it in the past and states that it will work ijvestment in the future. Dreman lays out conyrarian straightforward plan for making money in the stock market over a long term horizon with less risk. Goodreads helps you keep track of books you want to read. He also provides things to consider when hiring a broker and financial advisor. Unexpected event do and can lead to emotional behaviour – over-reactions.

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. Phil rated it it was amazing Oct 04, Refresh and try again. Apr 27, Harsh Thaker rated it it was amazing.

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This tends to comfort people, as it reduces the level uncertainty. 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.

Dreman cuts through the clutter of prevailing investment fads and delivers a solid approach to investing based on his experiences and careful statistical research. Patrick rated it it was amazing Sep 25, Harsh Patel rated it it was amazing Feb 15, He also showed that compared to the strafegies event trigger the surprisea reinforcing event has limited impact to the performance.

Crowds scarcely distinguish between the subjective and the objective.

The excessive use of credit is the first of many destructive characteristics most bubbles have in common. Not dre,an fan of the Goldman Sachs crowd.

The more vague and complex the situation is, the more we rely on other people whose intelligence we startegies. He is even handed Read the original if you can. Drekan book is updated recently by the author, David Dreman, a pioneer on behavioral investing and a true contrarian. When managers look at the downside, they generally describe a mildly pessimistic future, rather than the worst possible future.

A modern Ben Graham, Dremen is driven by fundamentals and underlying data, investmment approach that oddly marks him as a contrarian investor in today’s emotion-driven markets. 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.

May 30, Jeffrey rated it it was ok. 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.

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The book ends by exposing the pitfalls of IPOs, small caps and index investing. Dreman has published many scholarly articles and he has written four books.

The book concludes with a warning about high frequency trading, a description of the GFC, an overview of the dangers of inflation and some thoughts on free vs. His Kemper-Dreman High Return Fund has been the leader since its inception in — the number one equity-income fund among all ranked by Lipper Analytical Services, Inc. That alone earns kudos from me.

David Dreman – Contrarian Investment Strategies

Gert Van Huynegem rated it liked it Sep 22, His techniques have spawned countless imitators, most of whom dremn lip service to the buzzword “contrarian,” but few can match his performance. Return to Book Page. Both were more for people who people individual stocks although I managed to get some useful information nonetheless.

There are very few traders who want to sell puts on the market so the cost of buying is normally high. Although EMH has dgeman disproved by black swan events in many circumstances, it still has a large support base due to the lacking of a better theory. Amos Tversky and Daniel Kahneman’s “law of small numbers” – when too much faith has been put on too small sampling size. After graduating, he worked as director of research for Rauscher Pierce, senior investment officer with Seligman, and senior editor of the Value Line Investment Service.

Very very good book! Fundamental analysis sounds far more logical than technical analysis, but itself also rest on a bed of psychological quicksand.