James Montier, GMO. James is a member of GMO’s Asset Allocation team. Prior to joining GMO in , he was co-head of Global Strategy at Société Générale. James Montier’s book Value Investing is essential reading for value investors. With markets falling due to fears over China’s economy – the. “”As with his weekly column, James Montier’s Value Investing is a must read for all students of the financial markets. In short order, Montier shreds the ‘efficient.

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Customers who bought this item also bought. James Montier is a member of GMO’s asset allocation team. Forced selling can also occur due to simple revulsion.

Value Invest

The second section is on behavioral economics. It contains a lot of interesting information, and gets you in the mindset of a real value investor.

I learned for more from this book than I did from Corporate Finance. Jan 16, Tyson Strauser rated it liked it Shelves: Montier, I think successfully, debunks a number of popular investment theories that drive so many investment decisions: Powerful Strategies for Building Wealth. Well written-‘s book reminds us all to remain objective and con Montier’s work uses empirical evidence to support value investing principles. Harry Hart rated it really liked it Aug 20, Every serious investor should have a copy in his jnvesting her library.

When not reading, writing, or speaking, Montier can usually be fo James Montier is an expert in behavioral finance, argues that investors would have a greater chance of spotting the formation of bubbles if they could only brush montiier on their history and have a greater awareness of human psychology. I found this to be the best section of the book.

Shopbop Designer Fashion Brands. It is exclamatory inflation at its most egregious! Unfortunately this book was not as interesting as his later book Bull’s Eye Investing which provides a topical look at the current high level of the stock market and what strategies could work in the coming years – a more difficult topic in my opinion but A reasonable defense of value investing in general terms but disappointingly shallow, highly repetitive and weak on individual stock selection perhaps because the author does not himself invest in individual stocks “given time constraints”.

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In this important new book, the highly respected and controversial value investor and behavioural analyst, James Montier explains how value investing is the only tried and tested method of delivering sustainable long-term returns. That way I have firepower left over to buy at lower prices and, if the stock rises instead, I get the best of both worlds.

December 1, Sold by: I advise everyone to read andstudy this wonderful book.

8 investing tips from James Montier – InvestSMART

Or will they merely vale to meet investors’ high expectations? He has been described as a maverick, an iconoclast, an enfant terrible by the invesring. One frustrating aspect of this book is that is a compilation of research reports Montier wrote across as a strategist at the French investment bank, Soc Gen; so, it lacks a coherent narrative thrust, and is at times maddeningly repetitive. Worth your time, is the way that Montier provides empirical, convincing, and simple evidence for why understanding value investing principles is important for any investor as opposed to speculator to understand.

See all 22 reviews. In this book James shares his tried and tested techniques andprovides the latest and most cutting edge tools you will need todeploy the value approach successfully. Value investing often involves going against the crowd, vqlue hence involves social pain. The only thing that goes up in a bear market is correlation.

Goodreads helps you keep track of books you want to read. The best part of this book is his summary of what value investing is all about, which starts at Part 3, the philosophy of value investing.

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Value Investing: Tools and Techniques for Intelligent Investment by James Montier

Tools and Techniques” is where the book really fails – it just isn’t a blueprint for making successful value investments in the way Graham’s Intelligent Investor is. Montier also has litte interest in common applications of discounted cash flow DCF models because they tend to instill falsely precise visions of the future. If a stock is kicked out of an index or cancels its dividend, many professional investors will be forced to sell because they’re no longer allowed to own such stocks.

Permissions Request permission to reuse content from this site. I recommend this to be read together with chapter 14, and part 6, real time value investing. Montier also, like his current colleague at GMO, Jeremy Grantham, leans heavily on behavioral science and modern adva James Montier is a disciple of the jamds value investors: As Montier notes, even if actual future growth mlntier out to be very high but still less than expected, high-flying stocks often become more reasonably priced over time.

Unfortunately this book was not as inesting as his later book Bull’s Eye Investing jqmes provides a topical look at the current high level of the stock market and what strategies could work in the coming years – a more difficult topic in my opinion but better handled closer to his expertise as an economic forecaster I suspect. It provides you with the tools to start thinking in a differentfashion about the way in which you invest, introducing the ways ofover-riding the emotional distractions that will bedevil thepursuit of a value approach and ultimately think and actdifferently from the herd.