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Publisher | John Wiley & Sons (UK) |
Author(s) | James Montier |
Subtitle | Tools and Techniques for Intelligent Investment |
Edition | 1 |
Published | 23rd October 2009 |
Related course codes |
Tools and Techniques for Intelligent Investment
"As with his weekly column, James Montier's Value InvestingThe 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.