Contrarian Investment Strategies: The New Psychological Breakthrough [Hardback]

Description: David Dreman chairman and managing director of Dreman Value Management LLC is one of the most successful and influential investment managers in history and his name is synonymous with contrarian investing. In this major revision of his investment classic which Warren Buffett called that rarityan extremely readable and useful book that will be of great value both to the layman and the professional Dreman introduces vitally important new findings in psychology that explain why the stock market is inescapably given to bubbles panics and periods of high volatility. He also shows how we can use these findings to reliably profit from market errors crashproof our portfolios and earn marketbeating longterm returns.The need for these keen new insights and his powerful contrarian strategies has never been more urgent. The market crash of 20072008 left no doubt that there are glaring flaws in the theory underlying all of the other prevailing investment strategiesthe efficient market hypothesisas well as in the longaccepted theory of risk. These twin theories and all of the popular investing strategies that are based on them fail to account for major systematic errors in human judgment that the powerful new psychology research explains such as emotional overreactions and a host of mental shortcuts in decisionmaking that lead to wild over and undervaluations of securities as well as fundamentally flawed assessments of risk. Dremans contrarian strategies not only account for these dangerous psychological effects but allow investors to take advantage of them. Dreman presents a breakthrough new theory of risk and introduces vital findings about the hidden dangers of highspeed trading and its role in volatility; he also delves into the pernicious risk of flash crashes as well as how to prepare for inflation.Updating all his signature charts of market movements and stock valuations that prove the remarkable power of his contrarian strategies he shows how the strategies would have optimized returns during the lost decade that culminated in the 20072008 crash and would have positioned investors for marketbeating returns in the recovery. Enhancing his core methods for choosing stocks with a number of new techniques developed over the last decade he shows why the best stocks are consistently overvalued while the socalled worst contrarian stocks are undervalued and he lays out his proven and simple rules for avoiding the pitfalls and spotting the bargains.Based on breakthrough research and showing for the first time how the new psychological findings can be directly incorporated into investing strategy this thoroughly revised edition of one of the most influential books on investment is an essential addition to every investors arsenal. Author: Dreman David. Publisher: Simon and Schuster. Pages: 496. Dimensions: 6.0 x 9.2 x 1.4.

Price: 34.14 USD

Location: East Hanover, New Jersey

End Time: 2025-01-06T12:47:11.000Z

Shipping Cost: 0 USD