David Dreman
Encyclopedia
David Dreman is a noted investor
, who founded and is Chairman of Dreman Value Management, an investment company
. The company focuses on the assets of mutual fund
s, pension, foundation, and endowment funds, as well as high net-worth individuals.
Dreman has published many scholarly articles and he has written four books. Dreman also writes a column for Forbes Magazine. Dreman is on the board of directors of the Institute of Behavioral Finance, publisher of the Journal of Behavioral Finance
.
Previously, Dreman was Director of New York Research for Rauscher Pierce Refsnes Securities, Senior Investment Officer with J & W Seligman, and Senior Editor with the Value Line
Investment Service.
Mr. Dreman is also the co-editor of the academic journal, The Journal of Psychology and Financial Markets, a Director of the IFREE Foundation, whose founder Vernon L. Smith
was awarded the Nobel Prize in Economics, and President of the Dreman Foundation.
Dreman was awarded a Doctor of Laws Degree from the University of Manitoba
in 1999 and is a member of the Board of Trustees of the university.
Investor
An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc...
, who founded and is Chairman of Dreman Value Management, an investment company
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....
. The company focuses on the assets of mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
s, pension, foundation, and endowment funds, as well as high net-worth individuals.
Dreman has published many scholarly articles and he has written four books. Dreman also writes a column for Forbes Magazine. Dreman is on the board of directors of the Institute of Behavioral Finance, publisher of the Journal of Behavioral Finance
Journal of Behavioral Finance
The Journal of Behavioral Finance is a peer-reviewed journal that publishes research related to the field of behavioral finance. It formerly published as The Journal of Psychology and Financial Markets....
.
Previously, Dreman was Director of New York Research for Rauscher Pierce Refsnes Securities, Senior Investment Officer with J & W Seligman, and Senior Editor with the Value Line
Value Line
Value Line is an independent investment research and financial publishing firm based in New York, New York, USA, founded in 1931 by Arnold Bernhard. Value Line is best known for publishing The Value Line Investment Survey, a stock analysis newsletter that is updated weekly and kept by subscribers...
Investment Service.
Mr. Dreman is also the co-editor of the academic journal, The Journal of Psychology and Financial Markets, a Director of the IFREE Foundation, whose founder Vernon L. Smith
Vernon L. Smith
Vernon Lomax Smith is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington,...
was awarded the Nobel Prize in Economics, and President of the Dreman Foundation.
Dreman was awarded a Doctor of Laws Degree from the University of Manitoba
University of Manitoba
The University of Manitoba , in Winnipeg, Manitoba, Canada, is the largest university in the province of Manitoba. It is Manitoba's most comprehensive and only research-intensive post-secondary educational institution. It was founded in 1877, making it Western Canada’s first university. It placed...
in 1999 and is a member of the Board of Trustees of the university.
Personal
Dreman was born in Winnipeg, Manitoba, Canada in 1936. His father, Joseph Dreman, was a prominent trader on the Winnipeg Commodity Exchange for many years. David Dreman graduated from the University of Manitoba in 1958. After graduating, he worked as director of research for Rauscher Pierce, senor investment officer with Seligman, and senior editor of the Value Line Investment Service. In 1977, he founded his first investment firm, Dreman Value Management, Inc., and has served as its president and chairman.Books
- Contrarian Investment Strategy: The Psychology of Stock Market Success. 1980. Random House. ISBN 0-394-42390-9.
- The New Contrarian Investment Strategy. 1982. Random House. ISBN 0-394-52364-4.
- Contrarian Investment Strategies: The Next Generation. 1998. Simon & Schuster. ISBN 0-684-81350-5.
Books About
Scholarly Articles
Dreman has written many more articles. These are just a sampling of some of the more recent articles.- Do Contrarian Strategies Work Within Industries? David Dreman and Eric Lufkin, 1997. Journal of Investing. abstract
- Analyst Forecast Errors and Their Implications for Security Analysis. David Dreman and M.A. Berry, 1995. Financial Analysts' Journal.
- Investor Overreaction: Evidence that its Basis is Psychological. David Dreman and Eric Lufkin, 2000.
- Bubbles and the Role of Analysts' Forecasts. David Dreman, 2002. The Journal of Psychology and Financial Markets (now The Journal of Behavioral Finance).
- A Report on the March 2001 Investor Sentiment Survey. David Dreman, S. Johnson, D. MacGregor and Paul SlovicPaul SlovicPaul Slovic is a professor of psychology at the University of Oregon and the president of the Decision Research group. He earned his Ph.D. in psychology at the University of Michigan in 1964....
, 2001. The Journal of Psychology and Financial Markets (now The Journal of Behavioral Finance). article