{"product_id":"value-investing-tools-and-techniques-for-intelligent-investment","title":"Value Investing: Tools and Techniques for Intelligent Investment","description":"\u003cp\u003e\"As with his weekly column  James Montiers 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.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44958183620661,"sku":"ByrdShop_0470683597","price":36.7,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780470683590.jpg?v=1770367958","url":"https:\/\/atxbooks.com\/products\/value-investing-tools-and-techniques-for-intelligent-investment","provider":"ATX Books","version":"1.0","type":"link"}