James Montier: The Seven Immutable Laws of Investing

Mar 22, 2011

GMO’s James Montier penned a 9-page essay recently that address The Seven Immutable Laws of Investing:

1. Always insist on a margin of safety

2. This time is never different

3. Be patient and wait for the fat pitch

4. Be contrarian

5. Risk is the permanent loss of capital, never a number

6. Be leery of leverage

7. Never invest in something you don’t understand

Read the full text here. A free registration is required at GMO.com

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