File Format | PDF
File Size | 20.9 MB
Pages | 478
Language | English
Category | Stock market
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Description: Contrarian
Investment Strategies: The Next Generation shows investors how to outperform
professional money managers and profit from potential Wall Street panics -- all
in Dreman's trademark style, which The New York Times calls "witty and
clear as a silver bell." Dreman reveals a proven, systematic, and safe way
to beat the market by buying stocks of good companies when they are currently
out of favor. At the heart of his book is a fundamental psychological insight:
investors overreact.
Dreman
demonstrates how investors consistently overvalue the so-called
"best" stocks and undervalue the so-called "worst" stocks,
and how earnings and other surprises affect the best and worst stocks in
opposite ways. Since surprises are a way of life in the market, Dreman shows
you how to profit from these surprises with his ingenious new techniques, most
of which have been developed in the nineties.
You'll learn:
Why contrarian
stocks offer extra protection in bear markets, as well as delivering superior
returns when the bull roars.
Why a high
dividend yield is just as important for the aggressive investor as it is for
"widows and orphans."
Why owning
Treasury bills and government bonds
-- the "safest investments" for
centuries
-- is like being fully margined at the top of the 1929 market.
Why Initial
Public Offerings are a guaranteed loser's game.
Why you should
avoid Nasdaq ("the market of the next hundred years") like the
plague.
Why crisis,
panic, and even market downturns are the contrarian investor's best friend.
Why the chances
of hitting a home run using the Street's best research are worse than being the
big winner in the New York State Lottery.
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Contrarian Investment Strategies: The Next Generation