David Dreman
David Dreman
David Dremanis an investor, who founded and is Chairman of Dreman Value Management, an investment company...
crumble cut fear horizon people sell time
When people are frightened, they cut their time horizon dramatically, ... Even advisors 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.
bit closed good market time
I want to take a little bit more time now that the market has closed and take a good look. Is there anything really new here? I really don't know,
coming earnings last leaving people shot somewhat strong three time
For the last two or three years, the earnings just shot through all the forecasts. We're still in a strong earnings environment, but at the same time we're getting somewhat more misses, and that, coming to a somewhat more jittery market, I think is leaving people concerned.
case litigation major
This was the major litigation case they had to get through.
case helpful litigation states win
This win is very helpful on the litigation scene. This is a case that a lot of other states were watching.
oil stay stock
Stay in the stock market, in the oil sector.
good growth knocked stock
good growth rate, (although) the stock has been knocked down sharply.
best couple demand disaster higher natural oil prices sidelines simply stay whenever
Whenever you get some kind of natural disaster, the best thing is to stay on the sidelines for the first couple days. We'll see higher oil prices from here on in. Demand is simply outstripping supply.
optimistic analysts
Analysts have always been overly optimistic.
judging growth looks
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.
book yield cash-flow
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.
blood rothschild lord
I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'
years three patient
If you have good stocks and you really know them, you'll make money if you're patient over three years or more.
favors company happens
Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.