38 Quotes by David Dreman

I want to take a little bit more time now that the market has closed and take a good look. Is there anything really new here? I really don't know,

I'm sure weather affects moods, but whether it also affects stock markets is hard to prove. If it's sunny in New York, how's it going to affect the guy selling in a real downpour in Mississippi? However, psychology does influence decision-making. The study should have some caveats.

If you play it out long enough it blows up,

For the last two or three years, the earnings just shot through all the forecasts. We're still in a strong earnings environment, but at the same time we're getting somewhat more misses, and that, coming to a somewhat more jittery market, I think is leaving people concerned.

The economics of the auto industry are overwhelming what Bill Ford can do. Are they going to come out of this? I just don't know.

Psychology is probably the most important factor in the market – and one that is least understood.

I paraphrase Lord Rothschild: ‘The time to buy is when there’s blood on the streets.’

Experience teaches us that when “everyone” comes to the same conclusion, that conclusion is just about always wrong.

Investors repeatedly jump ship on a good strategy just because it hasn’t worked so well lately, and, almost invariably, abandon it at precisely the wrong time.