The Richest Woman in the World: How Gina Rinehart Earns her Billions
Why Dell Will Never Be Great AgainLegendary contrarian investor David Dreman was fired as manger of the $2.2 billion DWS Dreman High Return Equity Fund yesterday after the fund lost 47% of its value over the past year. Dreman bet heavily on financial stocks, based on a belief that the widespread pessimism on the industry was overdone.
Contrarian investing -- a strategy outlined in Dreman's most excellent Contrarian Investment Strategies -- has historically produced exceptionally good returns but it hasn't this time around: The Chicken Littles who said that Lehman Bros., Bear Stearns, Countrywide Financial and Washington Mutual were worthless or close to it turned out to be right.
Contrarian investing -- a strategy outlined in Dreman's most excellent Contrarian Investment Strategies -- has historically produced exceptionally good returns but it hasn't this time around: The Chicken Littles who said that Lehman Bros., Bear Stearns, Countrywide Financial and Washington Mutual were worthless or close to it turned out to be right.
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