Contrarian Investment
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An excerpt:
There was a time when David Dreman, 70, the noted contrarian investor and investment chief of $17 billion Dreman Value Management, followed the crowd. It was 1969, and Dreman, then a junior analyst, watched in wonder as the shares of tiny companies with negligible earnings skyrocketed. "I invested in the stocks du jour and lost 75% of my net worth," Dreman says. "It was the only time I had an ulcer."
An excerpt:
There was a time when David Dreman, 70, the noted contrarian investor and investment chief of $17 billion Dreman Value Management, followed the crowd. It was 1969, and Dreman, then a junior analyst, watched in wonder as the shares of tiny companies with negligible earnings skyrocketed. "I invested in the stocks du jour and lost 75% of my net worth," Dreman says. "It was the only time I had an ulcer."
posted by god_is_good478 at 8:34 AM
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