Famed value investor David Dreman is still finding attractive opportunities in both energy and financials.  Dreman takes a more diversified approach then we advocate at TTCM, where we tend to take more concentrated positions.  The psychology has changed in the markets over the last few years and pessimism is still highly prevalent even after the...Read More

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...Read More