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:
guruekJae Jun is the author of Old School Value, a value investing blog dedicated to the Old School methodologies and teachings of the investment greats such as Graham, Buffett and Fisher. The blog deals with finding intrinsic value, fundamental stock analysis and special situations including spinoffs and merger arbitrage.
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