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Contrarian
Investment Strategies shows investors how to outperform professional
money managers and profit from potential Wall Street panics
- all in Dreman's trademark style, which the New York Times
calls 'witty and clear as a silver bell'.
Dreman reveals
a proven, systematic and safe way to beat the market by buying
stocks of good companies when they are currently out of favor.
At the heart of his book is a fundamental psychological insight:
investors overreact. Dreman demonstrates how investors consistently
overvalue the so-called 'best' stocks and undervalue the so-called
'worst' stocks, and how earnings and other surprises affect
the best and worst stocks in opposite ways. Since surprises
are a way of life in the market, Dreman shows you how to profit
from these surprises with his ingenious new techniques, most
of which have been developed in the nineties.
You'll learn:
- Why contrarian
stocks offer extra protection in bear markets, as well as delivering
superior returns when the bull roars.
- Why a
high dividend yield is just as important for the aggressive
investor as it is for 'widows and orphans'.
- Why owning
Treasury bills and government bonds is like being fully margined
at the top of the 1929 market.
- Why initial
Public Offerings are a guaranteed loser's game.
- Why you
should avoid NASDAQ ('the market of the next hundred years'
) like the plague.
- Why crisis,
panic and market downturn are the contrarian's best friend.
- Why the
chances of hitting a home run using professional research are
worse than being the big winner in the New York State Lottery.
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