Type to search

MiB: James Montier, GMO

Breaking News

MiB: James Montier, GMO


This week, we speak with James Montier, a member of GMO’s Asset Allocation team. Prior to joining GMO in 2009, he was co-head of Global Strategy at Société Générale. He is the author of several books including “Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance”; “Behavioural Finance: Insights into Irrational Minds and Markets” and “The Little Book of Behavioural Investing.”

When he was hired, GMO’s Jeremy Grantham told him to “pound the table” when he believes “things get cheap” or an opportunity arises. “Emerging markets were looking really really cheap” and “Europe was looking pretty damned exciting as well” led to some table pounding last month during the sell off. “This was one of those examples were Prices and fundamentals were getting dislocated.” He penned a piece on this, called, “Fear and the Psychology of Bear Markets.”

We also discuss the impact of fear on investing. Montier mentions a study of people with damage to their amygdala. This led these people to actually make better risk-based decisions, that were free from emotions and fear. he has been a student of behavioral finance, and tried to distill that wisdom into 7 Immutable Laws of Investing.

His favorite books are here; A transcript of our conversation will be available here Monday.

You can stream and download our full conversation, including the podcast extras, on Apple iTunes, Spotify, Overcast, Google, Bloomberg, and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.

Next week, we speak with Christopher Whalen, an investment banker and former Federal Reserve researcher. He is the author of Inflated: How Money and Debt Built the American Dream.





James Montier Authored Books

Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance by James Montier
MiB: James Montier, GMO 2

The Little Book of Behavioral Investing: How not to be your own worst enemy by James Montier
MiB: James Montier, GMO 3

Value Investing: Tools and Techniques for Intelligent Investment by James Montier
MiB: James Montier, GMO 4

Behavioural Finance: Insights into Irrational Minds and Markets by James Montier
MiB: James Montier, GMO 5


James Montier Favorite Books

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman
MiB: James Montier, GMO 6

The Intelligent Investor: A Book of Practical Counsel by Benjamin Graham
MiB: James Montier, GMO 7

Engines That Move Markets: Technology Investing from Railroads to the Internet and Beyond by Alisdair Nairn
MiB: James Montier, GMO 8

Taekwondo Biomechanics by Kang Sung Chul
MiB: James Montier, GMO 9

Talking to the Dead by Harry Bingham
MiB: James Montier, GMO 10

Print Friendly, PDF & Email

Leave a Comment

Your email address will not be published. Required fields are marked *