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  • Who's Buying Financials? [View article]
    Felix, maybe after mentioning David Dreman you should read his book, "Contrarian Investment Strategies: The Next Generation." This somehwat dated publication has a nice chapter on crisis investing, going back to the early 90's, ancient history. It's about buying banks at the bottom.

    Dreman made a ton of money playing financials and specifically banking then, and it is entirely possible he plans on doing a repeat. It was work, you had to actually read the statements and do some thinking.

    For all we know, he has done his homework and will have that nifty feeling, deja vue all over again, as he rings up his profits in due course. I'm lazy, so I bought some BTO at prices as low as 4.17. I hope the people at John Hancock did my homework for me.


    Aug 14 16:09 pm |Rating: 0 0
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