General Investing >> Money Manager Interviews >> January 17, 2005


DAVID N. DREMAN is the Founder and Chairman of Dreman Value Management, LLC, and also the firm's Chief Investment Officer. Dreman Value Management, LLC, with $11 billion under management, focuses on the assets of mutual funds, pension, foundation and endowment funds, as well as high net worth individuals. The Scudder-Dreman High Return Equity Fund, managed by Mr. Dreman, has been ranked as number one in the Equity-Income group by Lipper Analytical Services since the fund's inception on March 18, 1988. Mr. Dreman founded his first investment firm, Dreman Value Management, Inc., in 1977 and served as its President and then Chairman to 1995, followed by a similar role at Dreman Value Advisors, Inc. from 1995 to 1997. Mr. Dreman's recent best selling book, Contrarian Investment Strategies: The Next Generation, was published in the spring of 1998 by Simon & Schuster. His previous widely acclaimed books include Psychology and the Stock Market (1977); Contrarian Investment Strategy: The Psychology of Stock Market Success (1980); and The New Contrarian Investment Strategy (1982). Articles dealing with the success of Mr. Dreman's methods have appeared in many national publications, including Forbes, Barron's, Institutional Investor, The Wall Street Journal, The New York Times, Newsweek, Money and Fortune magazines. A regular columnist for Forbes for 24 years, he has made numerous presentations before groups such as the National Bureau of Economic Research, the Society of Quantitative Analysts, the Harvard Medical School, the Cambridge Center for Behavioral Studies, the Institute of Behavioral Finance, the Association for Investment Management and Research, the National Financial Analysts Seminar and numerous other academic and professional groups. Mr. Dreman's research findings have also been published in the Financial Analysts Journal, The Journal of Investing and The Journal of Behavioral Finance. Mr. Dreman is also the co-Editor of the academic journal, The Journal of Behavioral Finance, a Director of the IFREE Foundation, whose founder Vernon Smith was awarded the 2002 Nobel Prize in Economics, and President of the Dreman Foundation. Mr. 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 of Manitoba. Profile
TWST: Would you begin with a brief overview of your firm and its

investment philosophy?

Mr. Dreman: We are a contrarian value firm and might be one of the

first, if not the first. I wrote a