David Dreman

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David Dreman
Born 1936
Winnipeg, Manitoba, Canada
Occupation Chief executive officer

David Dreman (born 1936) is a noted investor, who founded and is Chairman of Dreman Value Management, an investment company. The company focuses on the assets of mutual funds, pension, foundation, and endowment funds, as well as high net-worth individuals.

Dreman has published many scholarly articles and he has written four books. Dreman also writes a column for Forbes magazine. Dreman is on the board of directors of the Institute of Behavioral Finance, publisher of the Journal of Behavioral Finance.

Previously, Dreman was Director of New York Research for Rauscher Pierce Refsnes Securities, Senior Investment Officer with J & W Seligman, and Senior Editor with the Value Line Investment Service.

Mr. Dreman is also the co-editor of the academic journal, The Journal of Psychology and Financial Markets, a Director of the IFREE Foundation, whose founder Vernon L. Smith was awarded the Nobel Prize in Economics, and President of the Dreman Foundation.

Dreman was awarded a Doctor of Laws Degree from the University of Manitoba in 1999 and is a member of the Board of Trustees of the university.


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. David Dreman graduated from the University of Manitoba in 1958. 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, Inc., and has served as its president and chairman.


  • Psychology and the Stock Market: Investment Strategy Beyond Random Walk. 1977. American Management Association. ISBN 0-814-45429-1.
  • Contrarian Investment Strategy: The Psychology of Stock Market Success. 1980. Random House. ISBN 0-394-42390-9.
  • The New Contrarian Investment Strategy. 1982. Random House. ISBN 0-394-52364-4.
  • Contrarian Investment Strategies: The Next Generation. 1998. Simon & Schuster. ISBN 0-684-81350-5.
  • Contrarian Investment Strategies: The Psychological Edge. 2012. Free Press. ISBN 0-743-29796-2.

Books About[edit]

Scholarly Articles[edit]

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

External links[edit]