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Quote by 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.”

Quote by David Dreman

Author

David Dreman is a renowned investor, born in 1936. He has over 50 years of experience in the investment field and is known for his unique value investment philosophy. Dreman's investment philosophy emphasizes in-depth research of companies and long-term investment, advocating for the identification of undervalued stocks through fundamental analysis. more

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“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.”

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

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“If you have good stocks and you really know them, you'll make money if you're patient over three years or more.”

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

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“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.”

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“Patience is a crucial but rare investment commodity.”

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

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“Invest at the point of maximum pessimism.”

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“If you want to have a better performance than the crowd, you must do things differently from the crowd.”

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“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”

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