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Contrarian Investment Strategies: The Classic Edition

3.92 of 5 stars 3.92  ·  rating details  ·  154 ratings  ·  10 reviews
David Dreman's name is synonymous with the term "contrarian investing," and his contrarian strategies have been proven winners year after year. His techniques have spawned countless imitators, most of whom pay lip service to the buzzword "contrarian," but few can match his performance. His Kemper-Dreman High Return Fund has been the leader since its inception in 1988 -- th ...more
Hardcover, 464 pages
Published May 18th 1998 by Free Press (first published January 12th 1980)
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The Intelligent Investor by Benjamin GrahamCommon Stocks and Uncommon Profits and Other Writings by Philip A. FisherStock Market Edges by Philip ReschkeForex Frontiers "The Essentials of Currency Trading" by Ivan CavricPoor Charlie's Almanack by Charles T. Munger
Best Core Investment Books (Investment Library)
12th out of 31 books — 32 voters
Stock Market Edges by Philip ReschkeThe Stock Market Outsider by Philip FanaraContrarian Investment Strategies by David DremanThe Little Book That Beats the Market by Joel GreenblattThe Intelligent Investor by Benjamin Graham
investing
3rd out of 23 books — 11 voters


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Yang Ming Wen
David Dreman's Contrarian Investment Strategy should occupy the 3rd place in the Hall of Investment Classics, which puts it only after Graham's Intelligent Investor and Fisher's Common Stocks and Uncommon Profits. The most important value of this book is Dreman's commitment into the treacherous water of "market irrationality", which both Graham and Fisher recognized, but neither made serious attempts to explain. "Rational market", as the basic assumption the Efficient Market Hypothesis (EMH), is ...more
Brian Zheng
This book is updated recently by the author, David Dreman, a pioneer on behavioral investing and a true contrarian. He used well-organized studies to argue against the Efficient Market Hypothesis and CAPM. Although EMH has been disproved by black swan events in many circumstances, it still has a large support base due to the lacking of a better theory. CAPM was rejected by Eugene Fama, father of EMH as early as 1992, who stated that "Beta as the sole variable in explaining returns on stocks is d ...more
Steve Bradshaw
Dremen's name is eponymous with successful contrarian investing and this book methodically shows why (along with the impressive records of the Kemper-Dremen funds). A modern Ben Graham, Dremen is driven by fundamentals and underlying data, an approach that oddly marks him as a contrarian investor in today's emotion-driven markets.

Contrarian Investment Strategies provides a clear synthesis of the research that backs value investing. It also packs a good dose of simple executable advice - in essen
...more
Tirath
It's a good book for newbies in the investment world or for people who are disillusioned with growth investing prospects or for retail/ passive/ hobby investors.
I expected much more from the book but it kept going on and on about low P/E, low P/BV, low P/Cash flow strategies and how they make more sense than growth investing. And then it went on about the recent 2008-09, etc crisis. It's a decent book for the library - not much else.
Alan Deng
Fallacies in investments. Psychological detrimental factors that prevent one from being a successful investor. All common sense but difficult to be executed.
Steve
Dreman makes a good case for Low P/E, P/B, P/CF and high Yield stocks, urging buying lowest quintile stocks in each.
This 2012 update is useful because he spends time discussing the current economic conditions and offering some strategies.
Basically he states to stay away from bonds and use stocks and real estate for the inflation he expects. Not a fan of the Goldman Sachs crowd. That alone earns kudos from me.
Will
Outstanding. Dreman cuts through the clutter of prevailing investment fads and delivers a solid approach to investing based on his experiences and careful statistical research. My only wish is that I had read his newl updated 2012 book, which seems to be receiving excellent reviews on Goodreads too.
Randy
Excellent, though it fails to tell the whole story. Beware of market manipulation....
Jeffrey
Basically a book on value, buy and hold investing.
Patrick
Excellent book on investing against the crowd.
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David Dreman is a noted investor, who founded and is the Chairman of Dreman Value Management, an investment company. His father, Joseph Dreman, was a prominent trader on the Winnipeg Commodity Exchange for many years. David Dreman graduated from the University of Manitoba in 1958. After graduating, he worked as director of research for Rauscher Pierce, senior investment officer with Seligman, and ...more
More about David Dreman...
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