David Dreman Quotes

Patience is a crucial but rare investment commodity.

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.

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

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

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

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

Analysts have always been overly optimistic.

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.

Experience teaches us that when “everyone” comes to the same conclusion, that conclusion is just about always wrong.

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.