“The Dick Davis
Dividend” - Reviews
January 09, 2008
By: Steven Halpern
"For 40 years, Dick Davis has been
one of the investment world's leading authorities, noted for
his straight talk and common sense. In his just-published
book, The Dick Davis Dividend, he shares a lifetime of
insights into the investing process.
Knight Kiplinger calls the book "a gem" while Larry King calls
Dick, "The best stock commentator I ever heard." Charles Kirk
says, "Hands down, it is my favorite investment book of 2007."
January 04, 2008
Investment Wisdom From Dick Davis
By: Brett Steenbarger, Ph.D.
"I've been reading The Dick Davis
Dividend, a recent book written by the well-known market
commentator, and have to say that it offers some of the sanest
perspectives on trading and investment I've encountered in a
while. Davis began his newsletter in 1982 and has been
offering commentary on the markets for the past forty years.
This book is a distillation of the wisdom he's acquired over
The book is divided roughly into two portions. The first
summarizes market lessons and truisms, including six market
absolutes, seven core convictions, and thirty-five nuggets of
perspective. Each of these is explained in a clear,
Read More >>
following review by Cecil Johnson of the McClatchy-Tribune News
Service syndication appeared in newspapers across the country.
January 03, 2008
Broker: Investing is a long-term proposition
McClatchy-Tribune News Service
By: Cecil Johnson
"The Dick Davis Dividend: Straight
Talk on Making Money from 40 Years on Wall Street by Dick
Davis; John Wiley & Sons Inc., 471 pages ($29.95)
Stock market expert Dick Davis denies emphatically that he is
In fact, Davis, an entrepreneur, former stockbroker and
longtime financial newsletter publisher, commentator and
teacher, puts the term "stock market expert" squarely in the
same category in which some cynics think the term "military
In The Dick Davis Dividend, his first book-length exposition
on matters financial, Davis writes:
"When someone teaches a class or writes a book, the inference
is that he's an expert on the subject. In the market advice
field, we all know there is no such thing and that, in fact,
the term stock market expert is an oxymoron."
By: Robert Prechter
"Dick Davis’ new book, The Dick
Davis Dividend, is a bit on the breezy side, but it is packed
with a lot of wisdom. Get this: Dick says (1) it’s a bad idea
to be instantly and totally informed about the company in
which you hold shares; (2) in stock pricing, emotions matter
more than earnings; (3) news is irrelevant; (4) news does not
lead but follows the market; (4) "doing your homework" is
overrated; (5) the stock market is illogical. One would be
hard-pressed to find this many contrary but correct opinions
in a book, but as Dick says, he holds these ideas with "deep
conviction" at age 79 after 40 years on Wall Street. If you
are trapped in the financial news whirlpool, this book is a
good antidote. Published by John Wiley & Sons."
December 13, 2007
Book Review: The Dick Davis Dividend
By: David Merkel
"I must confess that I had merely
heard of Dick Davis, but did not know much about him until
reading his book. I enjoyed his book, and think it is useful
to new investors, and investors that have been unsuccessful in
actively managing their own portfolios. I have read the whole
book; this is not a review that comes from bullet points
suggested by the publisher or author (sent to me and others, I
have ignored them). I do have a minor criticism of the book;
more on that later."
December 10, 2007
Investing role model's book is on target
South Florida Sun-Sentinel
By: Humberto Cruz
Humberto Cruz writes a syndicated
personal finance column for Tribune Media Services. The
following appeared in the Dec. 10 South Florida
Sun-Sentinel and 70 other newspapers
"Dick Davis' goal was to write
"with clarity, brevity and insight with an emphasis on
complete candor." In a book out this month — at age 79, his
first — the savvy stock market watcher from South Florida
comment appeared on “www.thekirkreport.com"
on November 19, 2007.
Charles Kirk has
been cited in Barron’s, Kiplinger’s, Forbes, AAII, Business Week and
The Wall Street Journal as one of the nation’s premier financial
bloggers. He was profiled in Barron’s in April, 2006.
The Kirk Report
Monday, November 19, 2007 at 10:37 AM
"It has been an annual tradition around this time of the year to put
together a list of recommended books that I find helpful for those
looking to add items to their Christmas list and/or to buy books for
others who may be interested in the markets. See my recommend
reading lists from
In a major break away from that tradition, I really have just one
book to recommend this year - The Dick Davis Dividend. Hands
down, it is my favorite investment book of 2007.
I was lucky to
receive an advance copy and I will be buying many copies of it for
my friends and family this year who also have expressed an interest
in the market. It is currently available for pre-order at many
online bookstores and will be widely available by mid-December.
Mr. Davis has been a long-time member of The Kirk Report and has
been my mentor for many years. In the interest of full disclosure,
members should also know that his book does contain positive
comments about me. Such comments were completely unsolicited and
have absolutely no bearing on my response to the book or this
recommendation. If I had been criticized or not mentioned at all, my
opinion of the book would be the same. I urge you to read the book
and judge for yourself.
I’m also very excited to announce that I have invited Mr. Davis for
the next members’ only Q&A to talk about his 40 years of experience
in the markets, his life, book, and legacy. You can read about Mr.
here. I’m highly
confident that December’s Q&A with Mr. Davis will be one of the best
……………and in an e-mail to
Davis, Kirk writes:
"Honestly, your 3 year masterpiece is one of the best books I've ever
read about the market. Your perspectives, especially concerning how
investors should deal with news and the media, are simply the best
I've ever seen."
Forecasts & Strategies
By: Mark Skousen, Editor
"Your book is great; I highly recommend it."
By: Herb Greenberg,
"I've taken time to actually go
through your book and it's great. Perfect for the
Blue Chip Growth Newsletter
By: Louis Navellier, Editor
Author of The Little Book That Makes Your Rich
"In a world where too much of the
financial media tries to "scare" or "excite" investors, The
Dick Davis Dividend is a refreshingly honest and intuitive
book that all investors can profit from. Dick's 40 years
of investment experience helps to put investor objectives into
perspective and steer all investors in the right direction.
I especially like Dick's frank and common sense perspective
that all investors can appreciate. This is a book that
is essentially a reference manual that all investors should
utilize before they jump into a new investment and utilize to
double check that they are investing in accordance with their
long-term goals and objectives. Overall, Dick has done a
masterful job sharing his lifelong experience with investors,
so they do not have to learn investing the hard way or let
their emotions get out of control. Dick's masterpiece is
simply the voice of reason and honesty that is refreshing
amidst all the market chaos."
Broker Dealer Journal
By: George Wein
"Davis chronicles the wisdom of
many investment greats within the covers of a single
money-making, money-saving book. It's jam packed with
The Bull & Bear Financial Report
By: Dave Robinson, Editor
"In his new book, widely known and
highly regarded investment commentator, Dick Davis, offers
readers timeless wisdom on how to win on Wall Street."
Humble Money Blog
By: Andrew, Editor
"This is an excellent book.
Buy and read it!......I particularly liked the collection of
passive portfolios which was the trigger for me to buy the
book.....There were many 'wisdom clippings' that I liked enough
to write down in my journal. For example, there's the
following which I believe is a profound market truth:
'There is a perennial battle
between the advocates of active and passive investing.
My guess is that the more experienced the investor, the
longer he's been exposed to the market's pitfalls, the more
likely he is to favor index investing for most if not all of
his money. Being in the game a long time generates an
increasing sensitivity to the extreme difficulty of besting
the market with any sort of consistency.....'
445 pages this is a hefty book with a lot of very good stuff
packed inside. It's an excellent addition to my
Bespoke Investment Group
By: Justin Walters,
"I found your book intriguing.
It's a great book and more investors need to know about it."
The Canadian Money Saver Magazine
By: Dale Ennis, Editor
"Although Dick Davis writes this
book for the American investor, Canadians can benefit greatly
from his knowledge and experience of over 40 years on Wall
Street. He employs the findings and research of dozens
of market professionals to support his conclusions.
March 07, 2008
A Review and Discussion of The Dick Davis Dividend
By: Joseph Bell
"Whether taking on the media, Wall
Street, or the stock market, Dick Davis doesn't shy away from
confronting conventional wisdom. He has a wealth of experience
in the financial industry and has used The Dick Davis
Dividend as an avenue to share what he has learned. As
readers of SchaeffersResearch.com know, we too believe that
one should take on conventional wisdom in order to gain an
edge on other market participants. Therefore, we would like to
share a few of the many insights that this book offered.
One of the cornerstones of Expectational Analysis® is the
utilization of counter-trend sentiment to identify bullish and
bearish trading opportunities. A noteworthy concept discussed
in Davis' book is that the durability of major trends is
often underestimated by Wall Street and the general public. As
Davis writes, 'The truth is that well-entrenched trends,
whether they apply to the overall market, stocks, interest rates,
inflation, or the economy, are exceedingly difficult to
reverse. They usually last longer and go further than most
everybody expects...once grooved in, major trends often show
amazing durability. Their staying power is consistently
underestimated by Wall Street.' Davis also states, 'What we
can say is that the longer it endures, the more likely the
principal of the durability of major trends will apply.' This
point is very relevant to our trading, because the stability
in a trend is often met with skepticism and this skepticism is
often what provides the fuel for the trend to continue.
The book also takes on the news
media and forces readers to ask themselves just how much
they are really getting out of watching and reading the
financial news everyday. Davis states, 'The market will
do what it wants to do and the news will just react.'
Not only does Davis consider constant news monitoring to be a
waste of time, but even argues that it often acts as a
detriment to the long-term investor. He argues that
these newspapers, in an attempt to attract viewers,
sensationalize short-term events that may or may not affect
companies and their stock.
The downfall of being instantly
and totally informed by television and newspapers is that most
investors will often make emotional buy/sell decisions.
In the author's view, emotions such as fear, greed, and hope
are the main cause of underperformance by individual
investors. These emotions can also cause many unexpected
and irrational moves in the market, which feed off of each
other and create a herd mentality among investors. This
concept hits home with us, as we at Schaeffer's believe a key
to successful investing is avoiding the 'crowded trade.'
Many individual investors may then
turn to Wall Street for advice, but soon learn that this is
often similar to, as Davis writes, 'the blind leading the
blind.' He states, 'The myth that Wall Street has the
answers has been well entrenched for decades; it is only by
painful experience that the investor learns otherwise.'
When making forecasts, analysts generally focus on
fundamentals and technical analysis, but usually do not
consider investors' emotions and perceptions.
These components that are so often
overlooked by the analyst community are often what drive a
stock. A CEO and/or analyst may be justly singing
praises about a company, but many of the great things they say
may already be reflected in the the price of the stock and it
could be due for a fall. That is why expectations and
sentiment are such useful tools for a trader and why we
embrace them here at Schaeffer's Investment Research.
Overall, this book was excellent
and we recommend it to anyone interested in the stock market
or investing. This quick review has covered only a few
of the concepts discussed in The Dick Davis Dividend,
and the book certainly offers many more useful insights.
In an effort to learn from a pioneer in the financial industry
with more than 40 years of experience, we encourage all of our
readers to pick up this book at their local bookstore or an
By: Paul Kedrosky, Columnist
"The Dick Davis Dividend is
a very good book."
Better Investing Magazine
By: Adam Ritt
"I like what I've read.
There's a lot of great information for long-term investors
here. This book is definitely staying on my desk."
By: Jay Palmer, Book Editor
"My read of your book was very
Disciplined Investing Blog
By: David Templeton
"One of the features in The Dick Davis Dividend is a reminder
page for long term investors (page 454). Given the volatile
nature of the markets recently, I thought readers might find the
Reminder Page of special interest."
By: Harry Newton, Editor
"I like the Dick Davis book.
It contains some excellent advice. You should pick up a