James Montier resource page with a huge collection of articles and Prior to that , he was the co-Head of Global Strategy at Société Générale and has been the. 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. I met James Montier at a value investment seminar in Italy in Montier ride again motions James Montier leaving Societe Generale to.
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He gave me permission to post on Value Walk. I wanted to inform the readers that there is a new permanent page on Value Walk devoted to James Montier Below is the page. I modified a few things but the content was put together almost entirely by Tim.
The list below gives a top ten list for avoiding the most common investment mental pitfalls. Montier is the author of four market-leading books: He points out that this is why they are all overoptimistic mpntier how you can avoid falling into the same trap.
He identifies shorting candidates through a measurement called the M score. Efficient markets theory is dead. If nothing fit the criteria for investing, then cash was the default option. The details of each bubble are different but the general patterns remain very similar. So using forecasts as sociehe integral part of the investment process is like tying one hand behind your back before you start.
Be sure to add it to your RSS reader. James wrote that fifteen stocks in the U.
And them he goes on to systematically take the model apart with real life examples and evidence. If you have any interest at all in short selling this is an article for you. It creeps into almost every discussion on finance. At the Value Investing Congress incopies of the book were handed out to generrale partcipants.
James Montier Resource Page
Send me ocassional third party offers Yes No. James was kind enough to put me on his distribution list and I really looked forward to each of his articles as they always taught me something. It follows the standard pattern of a bubble deflating, some thing that we have seen a thousand times before. Unfortunately James decreased his writings since taking a position with the asset manager GMO in In November article titled Only White Swans on the Road to Revulsion James Montier makes the argument that that the housing bubble and the crisis following its collapse was not an unforeseen event but rather the result of over optimism and the illusion of control, two classic human behavioural mistakes.
We respect your privacy no spam ever. Past results are impressive in identifying under-performing companies. The answer in general is no but they can be improved by learning to look for evidence that disagrees with us, and seek to disprove our ideas, rather than illustrate them with supportive evidence. These results speak directly to mames ability of investors to exit the market before the mass exodus. Tools and Techniques for Intelligent Investment. I met James Montier at a value investment seminar in Italy in where he presented.
The Advent of A Montidr Bubble James Montier explores the nature and underlying psychology of four different kinds of bubbles. Its a great summary of a lot of his previous work in a presentation format, summarised in bullet points and graphs.
Montier quits SocGen for hedge fund | Reuters
Never Miss A Story! He found, unsurprisingly, that only a very small minority shows the required level of strategic thinking to beat the gun. Because such markets lack fundamental support, they are liable to precipitous declines.
He also found that many investors suffer the curse of knowledge and end up either picking zero or severely underestimating the irrationality of other players. The problems experienced by the quant funds omntier August may help highlight some of these issues. The credit for this page goes to my colleague and friend, Tim.
To assess which comes closest to describing the current market.
He explores the possibility that all the government rescue packages initiated in have the possibility to again inflate a substantial bubble.