CONTRARIAN INVESTMENT STRATEGIES: THE NEXT GENERATION

Contrarian Investment Strategies: The Next Generation is full of practical and provocative advice, but some of its most interesting passages delve into the abstruse findings of cognitive psychology. This research has proven that we are woefully inadequate as intuitive statisticians. Interpreting data to make predictions about the probability of future events, we consistently make the same mistakes. For example, we exaggerate the likelihood that current trends will continue, even when they are historically exceptional. (Logic dictates that trends are more likely to regress toward the mean.) This fallacy explains why most Wall Street insiders were gloomiest about stocks in 1981, after six years of falling prices, just before the beginning of the greatest bull market ever. Is today's widespread optimism among investors a reason for caution? Dreman thinks so.

CONTENTS
Part I: Why Current Methods Don´t Work
Part II: The Expert Way to Lose Your Savings
Part III: The World of Contrarian Investing
Part IV: Investing in the 21st Century
Part V: Psychology and Markets
Appendix

Páginas : 464
Peso : 20mb.
Formato : PDF.
Edición : Primera
Año de Publicación :1998
ISBN : 978-0684813509
Editorial : Simon & Schuster; First Printing
Autor : David Dreman