David Dreman Citas

• Patience is a crucial but rare investment commodity.

  David Dreman

  Investment, Commodity, Crucial

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.243, Simon and Schuster

  45 Copiar cita

• Psychology is probably the most important factor in the market - and one that is least understood.

  David Dreman

  Psychology, Important, Understood

  20 Copiar cita

• Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.

  David Dreman

  Teach, Conclusion, Always Wrong

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.252, Simon and Schuster

  8 Copiar cita

• Los inversores abandonan repetidamente una buena estrategia sólo porque no ha funcionado tan bien últimamente y, casi invariablemente, la abandonan precisamente en el momento equivocado.

  David Dreman

  Investing, Ships, Strategy

  8 Copiar cita

• 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

  Years, Three, Patient

  7 Copiar cita

• I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'

  David Dreman

  Blood, Rothschild, Lord

  42 Copiar cita

• 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.

  David Dreman

  Fashion, Work Out, Investing

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.243, Simon and Schuster

  7 Copiar cita

• Nobody beats the market, they say. Except for those of those of us who do.

  David Dreman

  Business, Finance, Beats

  David Dreman (2008). “Contrarian Investment Strategies: the Next Generation”, p.24, Simon and Schuster

  5 Copiar cita

• History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

  David Dreman

  World, Earning, Visibility

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.152, Simon and Schuster

  4 Copiar cita

• Compro acciones cuando están maltrechas. Soy estricto con mi disciplina. Siempre compro valores con una relación precio/beneficio baja, una relación precio/valor contable baja y un rendimiento superior a la media. Los estudios académicos han demostrado que una estrategia de compra de valores desfavorecidos con una baja relación precio/beneficio, precio/valor contable y precio/flujo de caja supera al mercado de forma bastante constante durante largos periodos de tiempo.

  David Dreman

  Book, Yield, Cash Flow

  "Contrarian Investment Strategies: The Classic Edition". Book by David Dreman, May 18, 1998.

  7 Copiar cita

• We invest in undervalued companies that exhibit strong fundamentals, above-market dividend yields and historic earnings growth, which our analysis indicates will persist. Our strategy is to own strong, fundamentally sound companies and to avoid speculative stocks or potential bankruptcies.

  David Dreman

  Strong, Yield, Growth

  4 Copiar cita

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

  David Dreman

  Favors, Company, Happens

  David Dreman (2012). “Contrarian Investment Strategies: The Psychological Edge”, p.248, Simon and Schuster

  7 Copiar cita

• 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

  Judging, Growth, Looks

  7 Copiar cita

• A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.

  David Dreman

  Loss, Two, Risk

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.324, Simon and Schuster

  6 Copiar cita

• Analysts have always been overly optimistic.

  David Dreman

  Optimistic, Analysts

  4 Copiar cita

• A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

  David Dreman

  Real, Risk, Enhancement

  4 Copiar cita

• Bank One tiene una de las mejores divisiones de tarjetas de crédito, ... La percepción de los inversores es que los valores de servicios financieros se ven afectados por los tipos de interés y no es así.

  David Dreman

  Perception, Cards, Division

  7 Copiar cita

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