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DREMAN, David.

The New Contrarian Investment Strategy.

New York, Random House, 1982 Stock Code: 135576
£2,950.00
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Notes

First edition under this title, second printing, extensively revised from the author's Contrarian Investment Strategies of 1979. Inscribed by the author on the front free endpaper "To Barton Biggs Your byline is one I'm 'hooked' on. Many thanks for your excellent quote. All good wishes David Dreman 1/5/83". The recipient was the leading financier Barton Michael Biggs (1932-2012), who provided a quote on the book which has been used on the front flap of the dust jacket: "One of those rare original books on the stock market that appear every generation or so. Powerful, profound, very well documented... highly recommended". Biggs was a partner at Morgan Stanley until his retirement in 2003, when he founded the Traxis Partners hedge fund; he achieved some fame for predicting the Dot Com Bubble. He has extensively annotated the book, with a full page of inked notes to the front pastedown, including business aphorisms of some interest: "No company is invincible. There's no such thing as a sure thing"; "What the prophets of gloom forget is that great financial change has always brought major opportunities to those who know how to take advantage of them".
David Dreman (born 1936) is a leading investor, who promotes a "contrarian" approach: deliberately picking unpopular stocks, based on the view the market is often irrational. His books and articles have proved very influential among investors, and have been praised by Warren Buffet.

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Description

Octavo. Original red quarter cloth, spine lettered in gilt, yellow paper-covered sides. With the dust jacket.

Condition

Book and jacket water stained around spine; jacket generally worn and creased. In condition.

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