Dreman was born in Winnipeg, Manitoba, Canada in 1936. His father, Joseph Dreman, was a prominent trader on the Winnipeg Commodity Exchange for many years.
After graduating, he worked as director of research for Rauscher Pierce, senior investment officer with Seligman, and senior editor of the Value Line Investment Service. In 1977, he founded his first investment firm, Dreman Value Management, LLC., and has served as its president and chairman.[1]
The Dreman fund family was eventually bought by Kemper, which was then bought by Scudder, which itself was bought by Deutsche Bank.[2] In 2009 his firm chose to hold on to banking stocks as they were crashing, in line with his contrarian value investing philosophy. As a result, his firm was removed from management of his flagship DWS Dreman High Return Equity Fund by the board of Deutsche Bank, citing weak performance.[2]
Dreman has written many more articles. These are just a sampling of some of the more recent articles.
Do Contrarian Strategies Work Within Industries? David Dreman and Eric Lufkin, 1997. Journal of Investing. abstract
Analyst Forecast Errors and Their Implications for Security Analysis. David Dreman and M.A. Berry, 1995. Financial Analysts' Journal.
Investor Overreaction: Evidence that its Basis is Psychological. David Dreman and Eric Lufkin, 2000.
Bubbles and the Role of Analysts' Forecasts. David Dreman, 2002. The Journal of Psychology and Financial Markets (now The Journal of Behavioral Finance).
A Report on the March 2001 Investor Sentiment Survey. David Dreman, S. Johnson, D. MacGregor and Paul Slovic, 2001. The Journal of Psychology and Financial Markets (now The Journal of Behavioral Finance). article
