I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with… — David Dreman Copy Share Image
A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors:… — David Dreman Copy Share Image
Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the… — David Dreman Copy Share Image
History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy. — David Dreman Copy Share Image
Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially. — David Dreman Copy Share Image
Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by… — David Dreman Copy Share Image
Psychology is probably the most important factor in the market - and one that is least understood. — David Dreman Copy Share Image
Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong. — David Dreman Copy Share Image
Nobody beats the market, they say. Except for those of those of us who do. — David Dreman Copy Share Image
One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value… — David Dreman Copy Share Image
I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.' — David Dreman Copy Share Image
“The rational man - like the Loch Ness monster - is sighted often, but photographed rarely.” — David Dreman Copy Share Image
