Description
Book SynopsisDrawing on recent Nobel Prize winning research in behavioral finance, David Dreman, named the 'King of Contrarians' by the Washington Post, shows you how to beat the professional money managers with proven, systematic, and safe strategies for value investing. The major new revised edition should be his biggest ever.
Trade Review“David Dreman is known on Wall Street as a contrarian, a label that fails to appreciate his deep knowledge of the market and research into investor psychology. In
Contrarian Investment Strategies: The Psychological Edge Dreman lays bare the deficiencies of the efficient market hypothesis, the investment rationale that states stock prices incorporate all known information. He also provides decades worth of data to show the woeful inaccuracy of analysts' forecasts. With the knowledge that the Street is marching to a flawed drumbeat, Dreman offers advice on how to react when markets misprice assets. Dreman has made a career of leaning heavily against the prevailing wind and for the most part, been highly successful. For those wary of following the herd, Dreman's thinking is revealing.” –Hebert Lash, Correspondent, Reuters
