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Value Investing: Tools and Techniques for Intelligent Investment Hardcover – 23 October 2009

4.3 out of 5 stars 57 ratings

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₹ 3,491.00

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Review

'Any disciple of value investing will benefit greatly from reading this book.' (UK Analyst.com, May 2011).

From the Inside Flap

"As with his weekly column, James Montier's Value Investing 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!"
—Seth Klarman, President, The Baupost Group LLC

The 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.

In 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.

James 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.

In 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.

It 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.

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Product details

  • Publisher ‏ : ‎ Wiley; 1st edition (23 October 2009)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 424 pages
  • ISBN-10 ‏ : ‎ 0470683597
  • ISBN-13 ‏ : ‎ 978-0470683590
  • Item Weight ‏ : ‎ 902 g
  • Dimensions ‏ : ‎ 17.53 x 2.79 x 25.15 cm
  • Customer Reviews:
    4.3 out of 5 stars 57 ratings

Customer reviews

4.3 out of 5 stars
4.3 out of 5
57 global ratings
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Top review from India

Reviewed in India on 9 October 2017
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Top reviews from other countries

Joe Woodhouse
5.0 out of 5 stars Essential reading for investors
Reviewed in the United Kingdom on 8 December 2015
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Hebronite
5.0 out of 5 stars Value Investing: Tools and Techniques for Intelligent Investment
Reviewed in the United Kingdom on 12 August 2012
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Joseph_London
1.0 out of 5 stars One Star
Reviewed in the United Kingdom on 19 July 2014
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Andre
5.0 out of 5 stars A MUST READ
Reviewed in Canada on 28 July 2018
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Gary
5.0 out of 5 stars Another really good book
Reviewed in Canada on 26 November 2012
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