"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 market hypothesis', elucidates
the pertinence of behavioral finance, and explains the crucial
difference between investment process and investment outcomes.
Montier makes his arguments with clear insight and spirited good
humor, and then backs them up with cold hard facts. Buy this book
for yourself, and for anyone you know who cares about their capital
"
--Seth Klarman, President, The Baupost Group LLC
The seductive elegance of classical finance theory is powerful,
yet value investing requires that we reject both the precepts of
modern portfolio theory (MPT) and pretty much all of its tools and
techniques.
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.
James shows you why everything you learnt at business school is
wrong; how to think properly about valuation and risk; how to avoid
the dangers of growth investing; how to be a contrarian; how to
short stocks; how to avoid value traps; how to hedge ignorance
using cheap insurance. Crucially he also gives real time examples
of the principles outlined in the context of the 2008/09 financial
crisis.
In this book James shares his tried and tested techniques and
provides the latest and most cutting edge tools you will need to
deploy the value approach successfully.
It provides you with the tools to start thinking in a different
fashion about the way in which you invest, introducing the ways of
over-riding the emotional distractions that will bedevil the
pursuit of a value approach and ultimately think and act
differently from the herd.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
