David Dreman
David Dreman
David Dremanis an investor, who founded and is Chairman of Dreman Value Management, an investment company...
judging growth looks
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 prices. I always look at trailing earnings when I judge stocks.
good growth knocked stock
good growth rate, (although) the stock has been knocked down sharply.
oil stay stock
Stay in the stock market, in the oil sector.
case litigation major
This was the major litigation case they had to get through.
absolutely caught excitement far late paid people question saw
There's no question that people saw the excitement of the Internet, ... how important it would be. There was absolutely no question they caught it right in the late 1990s. But they paid far too much.
crumble cut fear horizon people sell time
When people are frightened, they cut their time horizon dramatically, ... Even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen.
best couple demand disaster higher natural oil prices sidelines simply stay whenever
Whenever you get some kind of natural disaster, the best thing is to stay on the sidelines for the first couple days. We'll see higher oil prices from here on in. Demand is simply outstripping supply.
optimistic analysts
Analysts have always been overly optimistic.
book yield cash-flow
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 low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.
blood rothschild lord
I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'
years three patient
If you have good stocks and you really know them, you'll make money if you're patient over three years or more.
favors company happens
Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.
fashion work-out investing
Demanding immediate success invariably leads to playing the fads or fashions currently performing well rather than investing on a solid basis. A course of investment, once charted, should be given time to work out. Patience is a crucial but rare investment commodity.
business finance beats
Nobody beats the market, they say. Except for those of those of us who do.