Quotes by David Dreman

“Theres no question that people saw the excitement of the Internet, ... how important it would be. There was absolutely no question they caught it right in the late 1990s. But they paid far too much.”

“I want to take a little bit more time now that the market has closed and take a good look. Is there anything really new here? I really dont know,”

“Theres a lot of nervousness with what interest rates are doing, ... Financial stocks are up 3 percent one day and down 3 percent the next.”

“Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and theyre not.”

“good growth rate, (although) the stock has been knocked down sharply.”

“When people are frightened, they cut their time horizon dramatically, ... Even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. Its really not rational, but it does happen.”

“The [price-to-earnings ratio] on the S&P and technology stocks in particular is enormously high,”

“If you play it out long enough it blows up,”

“Analysts have always been overly optimistic.”

“Whenever you get some kind of natural disaster, the best thing is to stay on the sidelines for the first couple days. Well see higher oil prices from here on in. Demand is simply outstripping supply.”