World's Greatest Investors Part 11 - David Dreman 1

David Dreman is definitely a famous contrarian value investor and also president and chairman of investment company Dreman Value Management, Inc. He is also the article author of acclaimed investing book "Contrarian Investment Strategy: The Psychology of Wall street game Success" Dreman wrote a whole new version of his book, "Contrarian Investment Strategies: Our next Generation", in 1998. This book is known among the biggest develop new generation value investing. Dreman loves to buy stocks if they're beyond favor with investors thanks to any short-term reason as well as other reasons prefer this. Dreman believes that buying stocks in cases like this of investor overreaction can produce a lot better than average results. A typical illustration showing Dreman's contrarian stock picking is his investment in cigarette company Altria. When litigations surrounding this company caused its stock to fall significantly, Dreman watched it for opportunity and bought the stock. Dreman always actively seeks 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 other ratios to discover the financial strength of one's company. But what differentiates Dreman using their company fund mangers is his willingness to look and bet about the herd. David Dreman was created in Winnipeg, Manitoba, Canada in 1936. He graduated belonging to the University of Manitoba in Canada in 1958 and worked for his father's commodity trading firm for several times. Later, he relocated to US and became settled in Nj-new jersey. After working for other companies for a long time, he founded his or her own money management firm in 1977. Dreman considers psychology as being the the very first thing in the marketplace. He believes does not everyone understands the significance of this factor. He advises investors to take benefit to irrational prices maded by the overreactions of crowd and take advantage of them. Dreman could 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