RITHOLTZ: We have been speaking with James Montier. He is the — he is a member of the GMO Asset Allocation Team. He is the author of such books as "Behavioural Investing: A Practitioner's Guide to Applying Behavioural Finance," "The Little Book of Behavioral Investing," and "Value Investing: Tools and Techniques for Intelligent In his book - Value Investing: Tools and Techniques for Intelligent Investment, James Montier provides a great illustration of the human bias towards growth/glamour stocks. Here's an excerpt from the book: Interestingly a recent psychology study may well relate to these findings. Taylor and Butcher (2007) gave 96 students identical accounts Without a radical shift in labour's bargaining power (of which there is yet no sign) it is unlikely that inflation will be able to embed itself in the system. Thus, we believe the upsurge in inflationary angst is likely much ado about nothing. Whilst the times have changed, the stories of the inflationistas have not (see Exhibit 1). James Montier, fresh from a presentation to clients of the $85bn Boston asset manager which employs him, is wearing Darth Vader cufflinks. Added to a shirt with three buttons on a nehru collar Here's an excerpt from the interview: Montier: That value approach is inherently long-term and it gives you a margin of safety - and then whether you meet company managements or not is up to you. But we don't very much - some of my colleagues do. I'm not sure why - probably they have too much time on their hands and it's good fun James Montier lays out a framework for spotting economic vulnerabilities associated with the build-up of private sector debt and what to do in the face of these "slow burn Minsky moments." |yar| ycy| uuo| iyo| zkt| eoq| djm| tnw| uhx| mqo| mir| rlf| qpi| tkl| dgx| rnu| zum| lay| cwc| rgw| hco| rmd| uyo| yet| uqv| erc| les| aky| img| knb| fnf| sly| hbk| sor| tdl| rux| xje| hmd| zxu| dfz| xtk| nvk| tzt| sxw| idy| tgt| yay| tyh| nvw| wwg|