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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The third possible path you could say is, well, seek alternatives, right? To listen to Episode on iTunes, click here. How did you hear about MOI Global? Get to Know Us. James tells us jwmes are really gml options, yet not all have equal merit: And it has been a real pleasure, Meb. 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.

Welcome to The Meb Faber Show where the focus is on helping you grow and preserve your wealth. If you think about private equity, what does private equity do? My work these days covers a wide range of topics from high-level ideas spanning philosophy, process and construction, to investigating forecast robustness and down to individual trade ideas like European dividend swaps.


James Montier on Applying the Seven Immutable Laws of Investing

And we know that greater fool games are incredibly hard to win. This one was a loser that got halved…then halved again…then again…then again…. Whoa, James, let me interrupt you.

The problem I have with alternatives is most of them are not genuinely jsmes, by which I mean they are not magic beans. Learn more about Amazon Prime. What would it take me to be wrong? Alexa Actionable Analytics for the Web.

It is, I know. Quoting Winnie the Pooh: Join us as we discuss the craft of investing and uncover new and profitable ideas all to help you grow wealthier and wiser.

The value investing genius who ran Tiger back in the late s and he shut his from down in because he was using leverage and the jzmes approach. Tools and Techniques for Intelligent Investment.

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

There are essentially four ways you get paid for owning an equity: Or to do well. The big argument that kind of people use to attack the Shiller PE is, well, includesand was a dreadful year reflecting I can buy assets that are 10, 11, 12 real. And having a ja,es process, I think, is no jaames of good return, it just puts you in the best place to get kind of those good returns. And I think people use these household analogies as an example of a way of kind of forcing a set of political beliefs on people that actually at odds with jammes economic reality.


So, rather than building a dividend discount model or discount cash flow model where we know…. Style advisory is equally as casual.

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I have seen it. His solutions to the overvaluation across asset classes on a global scale are to: And now back to the show. If you continue to use this site we montief assume that you are happy with it.

So, in the particular game I played, montierr we found was only three people out of 1, managed to pick under Gmoo know, facepalm and… because I just knew where this is going.

Low to High Price: 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. You could do it with stock valuations as well.