{"product_id":"value-investing-tools-and-techniques-for-intelligent-investment-hardcover","title":"Value Investing: Tools and Techniques for Intelligent Investment - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eJames Montier\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\"As with his weekly column, James Montier's \u003ci\u003eValue Investing\u003c\/i\u003e 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!\"\u003cbr\u003e\u003cb\u003e--Seth Klarman\u003c\/b\u003e, President, The Baupost Group LLC\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eJames 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eIt 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.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003eJames Montier combines a profound understanding of behaviorial finance with a fierce adherence to the tried and tested principles of value-investing. He is always readable, thought-provoking and, above all, correct.\u003cbr\u003e --\u003cb\u003eEdward Chancellor\u003c\/b\u003e, author of \u003ci\u003eDevil Take the Hindmost: A history of financial speculation\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"James' latest effort is a must read. It combines great academic and practitioner approaches written in a humorous and entertaining style. It has practical real world examples that don't require advanced mathematics to comprehend. I advise everyone to read and study this wonderful book. All of my students now have \u003ci\u003eValue Investing: Tools and Techniques for Intelligent Investment\u003c\/i\u003e to add to their required reading.\"\u003cbr\u003e --\u003cb\u003eMark Cooper\u003c\/b\u003e, Partner at Omega Advisors \u0026amp; Adjunct Professor at Columbia Business School\u003c\/p\u003e \u003cp\u003e\"A preponderance of evidence shows that successful long-term investing requires a strong value orientation and a proper temperament, virtues commonly blunted by behavioural and incentive-based biases. Montier, a leading light in value investing and behavioural finance, shows you what's wrong with standard investment thinking and offers important insight into how to improve your process. Read \u003ci\u003eValue Investing\u003c\/i\u003e, live its lessons, and prosper.\"\u003cbr\u003e --\u003cb\u003eMichael J. Mauboussin\u003c\/b\u003e, Chief Investment Strategist at Legg Mason Capital Management, and author of \u003ci\u003eThink Twice: Harnessing the Power of Counterintuition\u003c\/i\u003e\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eAs with his weekly column, James Montier's \u003ci\u003eValue Investing\u003c\/i\u003e 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!\u003cbr\u003e \u003cb\u003e--Seth Klarman\u003c\/b\u003e, President, The Baupost Group LLC \u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eJames 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cp\u003eIt 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.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eJames Montier\u003c\/b\u003e is a member of GMO's asset allocation team. Prior to that he was global strategist for Société Générale and Dresdner Kleinwort. He has been the top rated strategist in the annual extel survey for most of the last decade. He is also the author of three other books - \u003ci\u003eBehavioural Finance\u003c\/i\u003e (2000, Wiley), \u003ci\u003eBehavioural Investing\u003c\/i\u003e (2007, Wiley) and \u003ci\u003eThe Little Book of Behavioral Investing\u003c\/i\u003e (Forthcoming, Wiley). James is a regular speaker at both academic and practitioner conferences, and is regarded as the leading authority on applying behavioural finance to investment. He is a visiting fellow at the University of Durham and a fellow of the Royal Society of Arts. He has been described as a maverick, an iconoclast, an enfant terrible by the press.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 416\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9.6 x 6.6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 01, 2009\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45346232959078,"sku":"9780470683590","price":61.08,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/S2Y1NTh3NmM0b081c3NvVEpIZCtmUT09.webp?v=1774968629","url":"https:\/\/infinitylightwa.com\/products\/value-investing-tools-and-techniques-for-intelligent-investment-hardcover","provider":"Infinity Light","version":"1.0","type":"link"}