Contrarian Investment Strategies

Contrarian Investment Strategies

The Psychological Edge

Book - 2012
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In this major revision of his investment classic, one of the premier investment managers introduces vitally important new findings in psychology that show why most investment strategies are fatally flawed and his contrarian strategies are the best way to beat the market.

The need to switch to a new approach for investing has never been more urgent. The Crash of 2007 revealed in dramatic fashion that there are glaring flaws in the theory that underlies all of the prevailing investment strategies--efficient market theory. This theory, and all of the most popular investing strategies, fail to account for major, systematic errors in human judgment that the powerful new research in psychology David Dreman introduces has revealed, such as emotional over-reactions and a host of mental shortcuts in judgment that lead to wild over and under-valuations of stocks, bonds, and commodities and to bubbles and crashes. It also leads to horribly flawed assessments of risk.

Dreman shows exactly how the new psychological findings definitively refute those strategies and reveals how his alternative contrarian strategies do a powerful job of accounting for them. He shows readers how by being aware of these new findings, they can become saavy psychological investors, crash-proofing their portfolios and earning market beating long-term returns. He also introduces a new theory of risk and substantially updates his core contrarian strategies with a number of highly effective methods for facing the most pressing challenges in the coming years, such as greatly increased volatility and the prospect of inflation. This is every investor's essential guide to optimal investing.
Publisher: New York : Free Press, 2012
Edition: Rev. and updated ed., 1st Free Press hardcover ed
ISBN: 9780743297967
0743297962
Branch Call Number: 332.6 Dreman 2012
Characteristics: viii, 481 p. ; 24 cm

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stewstealth
Dec 01, 2016

A look at an investment strategy that is mostly unfeeling that the author's data shows beats the market by a disciplined approach of buying out of favor profitable stocks and eschew the higher priced market favorites. Mixed in there includes some author screeds against some establishment figures. All in all a useful look for any individual investor.

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ajewell
Jan 29, 2013

If you can filter out the ranting there is some good content in here.

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