Skip to main content

Dasan on "Contrarian Investing" (Gallea)

Twitter pal Dasan takes a look at Anthony Gallea's 1998 book, Contrarian Investing, in his recent post, "Contrarian Investing - a Classic Investing Book".

Here's an excerpt from the lead-in:

"
I believe serious investors are always trying to improve themselves. One of the ways to do this is through constant reading...


...I recently came across a book written in 1998 that a few smart hedge fund managers that I respect said had a great influence on them. I summarize its key points below, but don't let that stop you from reading the book yourself
.

"Contrarian Investing" By Anthony Gallea. Written 1998.

In 1998, Anthony Gallea, a Portfolio Manager at Smith Barney, with help from William Patalon, a professional writer, wrote the classic “Contrarian Investing.” Jim Rogers wrote the forward to the book. Many successful investors have cited this book as a book that greatly influenced them. This volume, like Ben Graham’s “The Intelligent Investor” is at times dated, yet full of classic investing principles that stand the test of time. Every serious stock market investor must read this book... "

Dasan provides a summary of some of the main contrarian investing themes and key points from the book's chapters. If you have an interest in fundamental value investing strategies or contrary investing methods, it should be worth your time to take a look at the info assembled here.

I've never read Gallea's book, though I have seen it sitting on the library and bookstore shelves and read the similarly titled, Contrarian Investment Strategies by fund manager, David Dremen. Maybe I'll pick up Dasan's recommendation at some point to brush up on some value and fundamental analysis knowledge.

If you like the post, check out Dasan's new follow up, "Contrarian Investing Mania Checklist: Is China a Mania?".

Related articles and posts:

1. Dasan on poker & investing - Finance Trends.

2. Jim Chanos on Charlie Rose Show - Finance Trends.

Popular posts from this blog

The Dot-Com Bubble in 1 Chart: InfoSpace

With all the recent talk of a new bubble in the making, thanks in part to the Yellen Fed's continued easy money stance , I thought it'd be instructive to revisit our previous stock market bubble - in one quick chart. So here's what a real stock market bubble looks like.  Here's what a bubble *really* looks like. InfoSpace in 1999-2001. $QQQ $BCOR pic.twitter.com/xjsMk433H7 — David Shvartsman (@FinanceTrends) February 24, 2015   For those of you who are a little too young to recall it, this is a chart of InfoSpace at the height of the Nasdaq dot-com bubble in 1999-2001. This fallen angel soared to fantastic heights only to plummet back down to earth as the bubble, and InfoSpace's shady business plan , turned to rubble. As detailed in our post, " Round trip stocks: Momentum booms and busts ", InfoSpace rocketed from under $100 a share to over $1,300 a share in less than six months.  In a pattern common to many parabolic shooting stars, the s

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .