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This Only Happens at the Bottom and the Top
I’ve got good and bad news for you.
The bad news…David Dreman was fired.
Last week, the trustees of DWS Dreman High Return Fund (KDHRX) announced Dreman would no longer be managing the fund. He managed the fund for more than 20 years.
If you recall, Dreman is a staunch value investor. He is a true value investor who has made his name not getting caught up in the “hot sector” of the day.
In 1980, he literally wrote the book on contrarian investing – Contrarian Investment Strategy: The Psychology of Stock-Market Success – in which he recommended buying stocks. He was also kind…
14Apr2009 | Q1 Publishing | 0 comments | Continued
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