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. In , value investor James Montier, a member of GMO’s asset allocation team, wrote the widely cited piece The Seven Immutable Laws of. James Montier, fresh from a presentation to clients of the $85bn Boston asset manager which employs him, is wearing Darth Vader cufflinks.

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James Montier | Value Invest

The reality is, statistically, they will be much better off if they stayed in the centre of their goal, but, of course, if they do jzmes and then the penalty get put in the corner, they look like an idiot. Every argument I have come across I just find that some sort of logical flaw in it.

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So, if a household takes on debt, it has to repay it, it has no choice, right? This is a great part of the interview which delves into process details, behavioral biases, how to challenge your own views, jakes far more. Best example is probably private equity.

Amazon Renewed Refurbished products with a warranty. So you can clearly see that the private equity is very much gom to be a function of public equity.


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Montier doesn’t love this jaems. So, that debt, when it gets paid, is paid to U. You know, you talked a lot about this.

You know, your early part of your career was mentioning so much research on behavioural investing. Only 3 left in stock more on the way.

James fleshes out the details for us, discussing time-horizons of these identities. The management of return is impossible, the management of risk is illusory, but process is the one thing which we can exert and influence over.

GMO currently views emerging market value stocks as one of the least bad places to be. So, I think you can do that in lots of different ways.

Only 12 left in stock – order soon. The third possible path jamex could say is, well, seek alternatives, right? From an investment point of view, process is really kind of behavioural self-defence. Jeremy Siegel and his kontier to kind of, as ever, made a bull market that he loves.

Generally, what you find is the average number picks in these games turns out to be around about 25, 26, which gives you a kind of two-thirds average about Quoting Winnie the Pooh: East Dane Designer Men’s Fashion.


James Montier: This Is A “Greater Fool Bubble” And I’m Getting Out | Zero Hedge

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So I think people kinda hear the words printing money and panic. Keynes wrote about it way back in the s.

People generally end up selling near the bottom and the top strangely enough. So, cheap assets can always get cheaper, expensive assets ggmo always get more expensive at least in the short term.

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Montier interestingly points out that it’s especially poorly suited to combine with a value approach where you avoid trying to predict the short term or intermediate future. Get to Know Us. And he had one where there was a refillable soup bowl, so people are eating soup at a restaurant table.

As the GMO strategist, who admits he can’t time bubbles, admits, “perhaps you are skilled at picking the managers with great timing ability, and perhaps those managers do have great timing ability, in which case, good luck. To quote Montier directly emphasis mine: