While we are talking about James Montier, our columnist Miguel Barbosa of http://www.simoleonsense.com/ posted a link to a James Montier video. Montier delivered the speech during a UK CFA event last year.
In the speech he criticized EMH, or “The Efficient Market Hypothesis”, a theory opposite to value investing.
You can read a good write up about the speech here
or watch the video by click on the following picture.
The speech is 42 minutes long, but worth the watching.
About the author:
guruekGreenbackd is a former corporate advisory and securities lawyer working in value-oriented activist funds management.