David Dreman’s title is synonymous with the time period “contrarian investing,” and his contrarian methods have been confirmed winners yr after yr. His strategies have spawned numerous imitators, most of whom pay lip service to the buzzword “contrarian,” however few can match his efficiency. His Kemper-Dreman High Return Fund has been the chief since its inception in 1988 — the primary equity-income fund amongst all 208 ranked by Lipper Analytical Services, Inc. Dreman can also be one in all a handful of cash managers whose purchasers have crushed the runaway market over the previous 5, ten, and fifteen years.
Now, as the longest bull market in the historical past of the inventory market winds down, there’s rising volatility and quite a lot of uncertainty. This is the local weather that exams the mettle of the professionals, the worries of the common investor, and the success of David Dreman’s good new methods for the subsequent millennium.
Contrarian Investment Strategies: The Next Generation exhibits traders how you can outperform skilled cash managers and revenue from potential Wall Street panics — all in Dreman’s trademark type, which The New York Times calls “witty and clear as a silver bell.” Dreman reveals a confirmed, systematic, and protected solution to beat the market by shopping for shares of fine firms when they’re at the moment out of favor. At the coronary heart of his ebook is a basic psychological perception: traders overreact. Dreman demonstrates how traders persistently overvalue the so-called “best” shares and undervalue the so-called “worst” shares, and how earnings and different surprises have an effect on the greatest and worst shares in reverse methods. Since surprises are a lifestyle in the market, Dreman exhibits you how you can revenue from these surprises along with his ingenious new strategies, most of which have been developed in the nineties. You’ll be taught:
Why contrarian shares supply further safety in bear markets, in addition to delivering superior returns when the bull roars.
Why a excessive dividend yield is simply as necessary for the aggressive investor as it’s for “widows and orphans.”
Why proudly owning Treasury payments and authorities bonds — the “safest investments” for hundreds of years — is like being absolutely margined at the high of the 1929 market.
Why Initial Public Offerings are a assured loser’s recreation.
Why you need to keep away from Nasdaq (“the market of the next hundred years”) like the plague.
Why disaster, panic, and even market downturns are the contrarian investor’s greatest buddy.
Why the probabilities of hitting a house run utilizing the Street’s greatest analysis are worse than being the huge winner in the New York State Lottery.
Based on cutting-edge analysis and irrefutable statistics, David Dreman’s revolutionary strategies will profit professionals and laymen alike.