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Investor Profile: Dreman savors Wall Street's lemons

September 09, 2005 | About:
David Dreman likes to hold out-of-favor stocks like tobacco and food company Altria and scandal-scarred mortgage-backers Fannie Mae and Freddie Mac -- a stance that, while often at odds with Wall Street, has made him one of its top investors.

Being a contrarian is the hallmark of Dreman's strategy, along with a willingness to trade little and wait years for a payoff. That investment philosophy came about after a hard lesson: He allowed the euphoria of a great bull rally to get the best of him in the late 1960s, when he first arrived on Wall Street.

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