"Contrarian Investment Strategy" (book)

"Contrarian Investment Strategy," a book by David Dreman, explores the idea of investing against prevailing market trends. Instead of following popular sentiment, contrarian investors buy undervalued stocks when others are selling and avoid overhyped stocks when everyone is buying. Dreman emphasizes that markets often overreact, creating opportunities for informed investors to profit by doing the opposite of the crowd. This approach relies on thorough research, patience, and discipline, aiming to capitalize on market inefficiencies and undervaluation, ultimately helping investors achieve better returns while managing risk.