David Dreman famous quotes

Last updated: Sep 5, 2024

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

#Investment #Commodity
Psychology is probably the most important factor in the market - and one that is least understood.
-- David Dreman

#Psychology #Important #Understood
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

#Ships #Strategy #Abandon
Nobody beats the market, they say. Except for those of those of us who do.
-- David Dreman

#Business #Finance #Beats
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
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
Analysts have always been overly optimistic.
-- David Dreman

#Optimistic #Analysts
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
I paraphrase Lord Rothschild: â€˜The time to buy is when there's blood on the streets.'
-- David Dreman

#Blood #Rothschild #Lord
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.
-- David Dreman

#Book #Yield #Average
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
Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.
-- David Dreman

#Perception #Cards #Division

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