David Dreman: Dreman: One of my favorite Guru's

» Kirk - Dreman: One of my favorite Guru's

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I wanted to bring this to the top again as I used Dreman's book and his discussion of what happened during the great depression to apply to the bear market bottom of 2002. I don't know if it is the bottom, but two of the micro-micro cap stocks I added greatly to my positins in are up 4x since then...

I thought I should give Dreman and his book another plug as it has been so useful for me over the years.

Kirk

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David Dreman is getting more press lately and for good reason. He is one of the guys I have learned from and whose style is one I try to use in my investing.

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Contrarian Investment Strategies: The Next Generation: Beat the Market by Going Against the Crowd  by David N. Dreman: / Hardcover / Published 1998 / 464 pages  Kirk's Review: One of my favorite investment books!  All stock-market investors embrace the motto "Buy low, sell high." Few act accordingly. This book teaches you how. Your job is to execute!  Some great historical charts of returns inside.

He runs a fund " Kemper-Dreman High Return Equity B (KDHBX)" http://biz.yahoo.com/p/k/kdhbx.html that is one of the very few funds that have beaten the S&P500 over ALL periods between 1 month and 5 years!

Unfortunatly, the fund is not cheap with a 2% annual expense ratio and the 5 yr return doesn't beat the S&P500 enough to cover the expense ratio. Of course, value was out of favor so this could be a fund of the future. Either way, I listen to what he has to say and I don't have to own his fund. He did poorly in 1999 but had an exceptional 2000 http://biz.yahoo.com/p/mp/k/kdhbx.html.

-- posted by Kirk