David Dreman on Contrarian Investing-Morningstar

David Dreman’s book “Contrarian Investment Strategies” was one of the keys to formulating my investment methodology.  In the book and the updated versions that have followed, Dreman outlines extensive statistical analysis pointing to the follies of the Efficient Market Theory.  The statistics demonstrated that stocks with low p/b, p/cf, and p/e tend to outperform over long periods of time by a significant margin.  I’d certainly recommend any of his books and I’ll likely be a buyer of his new one.

http://news.morningstar.com/articlenet/article.aspx?id=540504&part=1