David Dreman: Deficient Market Theory; Buy CVX, TYC, UST

Feb 10, 2006

David Dreman is taking another look to see if the silliness (of efficient market theory) is on the way out: "Such blind faith in the market's omniscient rationality led to investor losses of $1 trillion in the 1987 crash and $7 trillion in the 2000-02 postbubble slump. It ignores the commonsense effects of fads and manias." A better approach is to buy fine stocks like these: CVX, TYC and UST

http://www.forbes.com/free_forbes/2006/0227/110.html?partner=yahoomag

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