Contrarian Investment Strategy: The Psychology of Stock Market Success is David Dreman’s classic guide to contrarian investing. The book explains why investors frequently make systematic psychological and analytical mistakes and how going against prevailing market sentiment can create opportunities. Dreman emphasizes fundamental measures such as low price-to-earnings, price-to-book and price-to-cash-flow ratios rather than following popular stocks and market forecasts.

The book combines investment analysis with investor psychology, discussing market expectations, forecasting errors, risk, valuation and portfolio strategy. Several editions exist, including the original 1979 edition and later revised editions, so the ISBN and page count should be matched to the physical copy being catalogued.