World's Greatest Investors Part 11 - David Dreman 5

David Dreman is mostly a famous contrarian value investor along with the president and chairman of investment company Dreman Value Management, Inc. One is also the author of acclaimed investing book "Contrarian Investment Strategy: The Psychology of Stock Market Success" Dreman wrote a completely new version of his book, "Contrarian Investment Strategies: A subsequent Generation", in 1998. This book may be known as as one of the vital use new generation value investing. Dreman wants to buy stocks when they're using favor with investors due to any short-term reason along with other reasons like this. Dreman believes that purchasing stocks in cases like this of investor overreaction can produce much better than average results. An average demonstration of Dreman's contrarian stock picking is his investment in cigarette company Altria. When litigations surrounding the firm caused its stock to fall significantly, Dreman discovered it being a opportunity and bought the stock. Dreman always pursuit of stocks with low price-to-earnings ratio and low price-to-book value ratio. He also considers important parameters like debt-to-equity ratio besides other ratios to ascertain the financial strength of one's company. But what differentiates Dreman from other fund mangers is his willingness to get and bet against the herd. David Dreman to become in Winnipeg, Manitoba, Canada in 1936. He graduated through the University of Manitoba in Canada in 1958 and worked for his father's commodity trading firm for some times. Later, he gone to live in US and became settled in Nj. After working for other individuals for quite some time, he founded his or her own management of your capital firm in 1977. Dreman considers psychology as the most important factor available in the market. He believes does not everyone understands value of this factor. He advises investors to bring benefit to irrational prices that is generated by the overreactions of crowd and cash in on them. Dreman is capable of 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