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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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.
http://today.reuters.com/PrinterFriendlyPopup.aspx?type=bondsNews&storyID=uri:2005-09-06T192810Z_01_N06730945_RTRIDST_0_COLUMN-PROFILE-SCHEDULED-WEEKLY-COLUMN.XML
