World's Greatest Investors Part 11 - David Dreman 2

David Dreman is definitely a famous contrarian value investor along with the president and chairman of investment company Dreman Value Management, Inc. They're also the article author of acclaimed investing book "Contrarian Investment Strategy: The Psychology of Stock game Success" Dreman wrote a fresh version of his book, "Contrarian Investment Strategies: The Next Generation", in 1998. This book is recognised as as among the most prominent use new generation value investing. Dreman loves to buy stocks when they are of favor with investors resulting from any short-term reason as well as other reasons this way. Dreman believes that purchasing stocks in this situation of investor overreaction can produce more advanced than average results. The average illustration showing Dreman's contrarian stock picking is his investment in cigarette company Altria. When litigations surrounding the manufacturer caused its stock to fall significantly, Dreman found it as being a definite opportunity and bought the stock. Dreman always attempts stocks with low price-to-earnings ratio and low price-to-book value ratio. He also considers important parameters like debt-to-equity ratio and various ratios to determine the financial strength of one's company. But what differentiates Dreman using their company fund mangers is his willingness to be and bet resistant to the herd. David Dreman came into this world in Winnipeg, Manitoba, Canada in 1936. He graduated within the University of Manitoba in Canada in 1958 and worked for his father's commodity trading firm for those times. Later, he gone to US and became settled in Nj. We have spent for other businesses for quite some time, he founded a management of their bucks firm in 1977. Dreman considers psychology while the the crucial element available in the market. He believes not everyone understands value of this factor. He advises investors to take benefit of irrational prices manufactured by the overreactions of crowd and profit from them. Dreman may share his philosophy and providing stock tips through his famous" The contrarian" column in Forbes magazine. http://www.shareskool.com/articles/ViewArticle.inf?article=World锟絪+Greatest+Investors+Part+11+-+David+Dreman&article_Id=22