Friday’s links

Interesting statement in the Dreman article:

“In these circumstances, I wouldn’t try to be too clever. You don’t see market timers who own yachts. If you pack up now, chances are you’ll miss a good part of the next bull market. A large part of the gains are always made in the first few months of one, when market-timing investors are still on the sidelines.

If the market slide continues, you will get opportunities to buy first-rate companies when they dip on negative news, such as an earnings miss that analysts and investors overreact to. When that happens, you should sell less-promising stocks to raise cash to buy the companies the market has panicked on.”