Tips by John Dorfman

Out-of-favor stocks are the best road to capital gains. The results of the hypothetical portfolios published in my column have deepened my...
Tags: contrarian, P/E
Don't be swayed by what Wall Street analysts say. From 1998 through 2006 I tracked the annual performance of the four stocks analysts most loved...
Predicting the market with consistency is extremely difficult. Predicting the economy is probably even harder. For seven years I ran an economic...
Tags: economy, GDP, warnings
Investors overreact to the latest news, which has always been the case, but I think it's especially true today with the Internet. Information spreads...
Dreman Value Management has research that shows something like 40% of all earnings announcements are “surprises.” Overreactions to those surprises...
One fruitful screen over the years has been for what we call low-P/E outliers – companies with the lowest 1% of trailing P/Es in the market, but...
Given the way we invest, we will fall into value traps from time to time. In general, we try to constantly remind ourselves that when an industry goes...
We used to have a fairly rigid rule that as soon as something went above the market multiple we'd sell, but we thought we too often were leaving money...
Investing is often about knowing your strengths and we've learned that we're better at spotting profitable, unglamorous, under-valued companies than...
In 1939, right after Hitler marched into Poland, John Templeton bought 100 shares of every stock on the Big Board selling for less than $1. Within a...