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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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