David Dreman quotes
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“Patience is a crucial but rare investment commodity.”
-- David DremanSource : David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.243, Simon and Schuster
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“Psychology is probably the most important factor in the market - and one that is least understood.”
-- David Dreman -
“Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.”
-- David Dreman -
“Nobody beats the market, they say. Except for those of those of us who do.”
-- David DremanSource : David Dreman (2008). “Contrarian Investment Strategies: the Next Generation”, p.24, Simon and Schuster
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“Demanding immediate success invariably leads to playing the fads or fashions currently performing well rather than investing on a solid basis. A course of investment, once charted, should be given time to work out. Patience is a crucial but rare investment commodity.”
-- David DremanSource : David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.243, Simon and Schuster
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“Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.”
-- David DremanSource : David Dreman (2012). “Contrarian Investment Strategies: The Psychological Edge”, p.248, Simon and Schuster
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“Analysts have always been overly optimistic.”
-- David Dreman -
“If you have good stocks and you really know them, you'll make money if you're patient over three years or more.”
-- David Dreman -
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“I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'”
-- David Dreman -
“I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.”
-- David DremanSource : "Contrarian Investment Strategies: The Classic Edition". Book by David Dreman, May 18, 1998.
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“One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.”
-- David Dreman -
“Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.”
-- David Dreman -
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