Value Investing

''James 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.'' Edward Chancellor, author of Devil Take the Hindmost: A history of financial speculation''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 Value Investing: Tools and Techniques for Intelligent Investment to add to their required reading.'' Mark Cooper, Partner at Omega Advisors & Adjunct Professor at Columbia Business School''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 Value Investing, live its lessons, and prosper.'' Michael J. Mauboussin, Chief Investment Strategist at Legg Mason Capital Management, and author of Think Twice: Harnessing the Power of Counterintuition