David Dreman is the founder and chairman of Dreman Value Management, a private investing company.

Dreman has written four books and published several research papers.

Dreman also contributes to Forbes magazine with a column.

Dreman is a member of the Institute of Behavioral Finance’s board of directors, which publishes the Journal of Behavioral Finance.

We have noted down some of the top quotes from David Dreman for you.


Best David Dreman Quotes

The great majority of money managers have consistently lagged behind the market averages. ~ David Dreman.

When advisors go one way, markets go the other. ~ David Dreman.

Experts are often wrong – sometimes remarkably so. ~ David Dreman.

Experts are often wrong – sometimes remarkably so. ~ David Dreman.
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Ingesting large amounts of investment information can lead to worse rather than better decisions. ~ David Dreman.

I paraphrase Lord Rothschild: ‘The time to buy is when there’s blood on the streets.’ ~ David Dreman.

If you play it out long enough it blows up. ~ David Dreman.

Psychology is probably the most important factor in the market – and the one that is least understood. ~ David Dreman.

If you have good stocks and you really know them, you’ll make money if you’re patient over three years or more. ~ David Dreman.

In any single year, there is always some style that will take the lead and then fade out over the next few years. ~ David Dreman.

Buy medium or large sized stocks listed on the New York Stock Exchange, or only larger companies on Nasdaq or the American Stock Exchange. ~ David Dreman.

The market does not run on chance or luck. Like the battlefield, it runs on probabilities and odds. ~ David Dreman.

People are not good intuitive statisticians, particularly under difficult conditions. ~ David Dreman.

Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially. ~ David Dreman.

I buy stocks when they are really battered. ~ David Dreman.

Patience is a crucial but rare investment commodity. ~ David Dreman.

Psychology, no matter how much you’ve studied it or think you know it, can reduce both your ego and your net worth very quickly. ~ David Dreman.

Nobody beats the market, they say. Except for those of us who do. ~ David Dreman.

Positive surprises result in major appreciation for out-of-favor stocks, while having minimal impact on favorites. ~ David Dreman.

When people are frightened, they cut their time horizon dramatically, … Even advisers 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. ~ David Dreman.

Buy only contrarian stocks because of their superior performance characteristics. ~ David Dreman.

I always buy stocks with low price-earnings ratios, low price-to-book value ratios, low price-to-cash-flow ratios and higher-than-average yield. ~ David Dreman.

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 wrong time. ~ David Dreman.

Analysts have always been overly optimistic. ~ David Dreman.

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. ~ David Dreman.


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