Contrarian Investment Strategies - The Classic Edition
by David Dreman
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"In this major revision of his investment classic, one of the premier investment managers introduces vitally important new findings in psychology that show why most investment strategies are fatally flawed and his contrarian strategies are the best way to beat the market. The need to switch to a new approach for investing has never been more urgent. The Crash of 2007 revealed in dramatic fashion that there are glaring flaws in the theory that underlies all of the prevailing investment show more strategies-efficient market theory. This theory, and all of the most popular investing strategies, fail to account for major, systematic errors in human judgment that the powerful new research in psychology David Dreman introduces has revealed, such as emotional over-reactions and a host of mental shortcuts in judgment that lead to wild over and under-valuations of stocks, bonds, and commodities and to bubbles and crashes. It also leads to horribly flawed assessments of risk. Dreman shows exactly how the new psychological findings definitively refute those strategies and reveals how his alternative contrarian strategies do a powerful job of accounting for them. He shows readers how by being aware of these new findings, they can become saavy psychological investors, crash-proofing their portfolios and earning market beating long-term returns. He also introduces a new theory of risk and substantially updates his core contrarian strategies with a number of highly effective methods for facing the most pressing challenges in the coming years, such as greatly increased volatility and the prospect of inflation. This is every investor's essential guide to optimal investing"-- show lessTags
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History of Financial Advice Collection. David Dreman was the manager of the Kemper-Dreman High Return Fund and his Contrarian Investment Strategy, that counselled its readers to move against the market and to buy good companies when they are temporarily out of favour, has now gone into multiple editions. Dreman’s psychological reading of investors, as overreacting to bad market news in moments of crisis and panic, has been bolstered by the recent developments in behavioural economics and this is one of the first books of popular financial investment advice that draws seriously on this academic field. As he would suggest in the introduction to the 2011 edition, “appreciating the fundamental flaws in the investment strategies based on show more EMH (Efficient Market Hypothesis) will demand that we take a close look at one of the major sources of investment errors—the person you see in the mirror every morning.” show less
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Author Information
5 Works 258 Members
Common Knowledge
- Original publication date
- 1998
Classifications
- Genres
- Business, Nonfiction, General Nonfiction
- DDC/MDS
- 332.63228 — Society, Government, and Culture Economics Banking & Money Investing Personal Investing Types Of Investments And Other Topics Stocks Speculation
- LCC
- HG6041 .D658 — Social sciences Finance Finance Investment, capital formation, speculation Speculation
- BISAC
Statistics
- Members
- 181
- Popularity
- 180,290
- Reviews
- 1
- Rating
- (3.74)
- Languages
- English
- Media
- Paper, Ebook
- ISBNs
- 4
- ASINs
- 5
