Contrarian Investment Strategies in the Next Generation has 21 ratings and 2 Canadian born value investor David Dreman founded New Jersey based. David Dreman’s name is synonymous with the term ‘contrarian investing’, and . In Contrarian Investment Strategies: The Next Generation, Dreman’s focus on. His other widely acclaimed books were: Contrarian Investment Strategies: The Next Generation, (), Psychology and the Stock Market, ();Contrarian.
|Published (Last):||25 September 2015|
|PDF File Size:||6.58 Mb|
|ePub File Size:||15.83 Mb|
|Price:||Free* [*Free Regsitration Required]|
The psychology is well documented and leads to a number of decisional safeguards, wich I have listed as Rules, that if followed, can both prevent you from falling into the predictable errors that most investors make, and in many circumstances actually help you take advantage of them.
This is the reason why most people cannot use these strategies even though they are known to have provided superior results for years. Balaji Ganesan marked it as to-read Jul 10, This book is not yet featured on Listopia.
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.
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 millenium.
David Dreman – Contrarian Investment Strategies – PDF Drive
Yoav added it Nov 17, Just a moment while we sign you in to your Goodreads account. Dreman is often considered the dean of contrarian investing.
A level to moderately down market was the best that could be expected. An important aspect of this book, then, is investor psychology.
‘Contrarian Investment Strategies’ de David Dreman
Dreman advises to sell stocks when their PE-ratios rise to the average market level or when corporate fundamentals show long term degradation.
What I hope to show is that, although the study of investor psychology is still in its early stages, there is a body of research conducted by outstanding psychologists in recent decades, that provides us with patterns of predictable investors errors.
This material, however, comprises a small part of the work presented here. We respect your privacy no spam ever. As a result, the number of American households owning stocks and the size of conttrarian holdings dwarf any period in the past. To see what your friends thought of this book, please sign up. A number of recent academic studies corroborate this exciting work. In particular, the book will deal with the efficient market hypothesis, the invetment powerful investment theory of the twentieth century, wich states that nobody can beat the market over time.
It is hard to stay unaffected vreman psychological pressures, as I’ve too often found in free-falling markets. All have been tested with large numbers of stocks for periods up to fifty years, and display outstanding records.
Ashiesh Bhatia rated it it was amazing May 08, I get it, you don’t believe Overall I liked this book. No matter how often you’ve been there or how much you’ve read, you can’t escape the fear. After graduating, he worked as director of research for Rauscher Pierce, senior investment officer with Seligman, and David Dreman is a noted investor, who founded and is the Chairman of Dreman Value Management, an investment company.
Finally, the book will provide a number of insights that my clients or I discovered the hard way, from being wary of “guaranteed” performance records of money managers and mutual funds, to staying clear of the hottest initial public offerings. This completely new work, in fact, represents a major expansion of contrarian methods from my original books in the late seventies and early eighties, a result of important new findings in the past few years.
At times however, I have retained footnotes at the bottom of the page where I thought they would be especially useful to the general reader.
David Dreman Resource Page
While this work is not a tract on investment theories, to successfully implement contrarian strategies you must understand why some methods work while others consistently fail. This is a great book for all investors, laymen and professionnal alike.
The text becomes a bit impersonal. Not only do we need usable strategies, and the ability to execute them, we must also avoid the all-permeating influence of powerful but fallacious investment mores of our time. The public backs that belief with a good part of its hard-earned savings. 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.
Is it because contrarian strategies have proved to be a bust? The winning strategy was in the General’s hands, but he was psychologically incapable of executing it.
The ideas, although not complicated, require an understanding of investor psychology and the discipline to carry it through. It felt like Dreman has a personal vendetta with many economists and kept repeating his points against their work. Another veneration topic that builds out of contrarian strategies how to react to a crisis.
Tomas marked it as to-read Jan 27, If contrarian strategies work so well, why aren’t they more widely followed?