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Value Investing: Tools and Techniques for Intelligent Investment,New
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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 LLCThe 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 longterm 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 overriding the emotional distractions that will bedevil the pursuit of a value approach and ultimately think and act differently from the herd.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'Value Investing: Tools and Techniques for Intelligent Investment'? A: The book focuses on value investing principles, challenging modern portfolio theory and emphasizing the importance of behavioral finance in making investment decisions.
- Q: Who is the author of this book? A: The author is James Montier, a respected value investor and behavioral finance analyst.
- Q: How many pages does the book have? A: The book contains 416 pages.
- Q: What type of binding does this book feature? A: The book is available in hardcover binding.
- Q: When was this book published? A: It was published on December 2, 2009.
- Q: Is this book suitable for beginners in investing? A: Yes, the book provides insights and tools that can benefit both beginners and experienced investors interested in value investing.
- Q: Does the book provide real-world examples? A: Yes, it includes real-time examples, particularly in the context of the 2008/09 financial crisis, to illustrate its principles.
- Q: What can I learn from this book about investment risk? A: The book teaches readers how to think critically about valuation and risk, as well as how to avoid common pitfalls in investing.
- Q: Are there any techniques for behavioral finance discussed in the book? A: Yes, Montier discusses techniques to override emotional distractions in investing and encourages contrarian thinking.
- Q: Is this book a good gift for someone interested in finance? A: Absolutely, it's an insightful read for anyone who cares about capital and wants to improve their investment strategies.