Monday, March 8, 2010

Interview with James Montier

Miguel @ Simoleon Sense Interviewed James Montier (author of Value Investing: Tools and Techniques for Intelligent Investment - most of the book can be found online for free) ...
The sheer amount of irrelevant information faced by investors is truly staggering. Today we find ourselves captives of the information age, anything you could possibly need to know seems to appear at the touch of keypad. However, rarely, if ever, do we stop and ask ourselves exactly what we need to know in order to make a good decision.

Seductive details are the kind of information that seems important, but really isn’t. Let me give you an example. Today investors are surrounded by analysts who are experts in their fields. I once worked with an IT analyst who could take a PC apart in front of you, and tell you what every little bit did, fascinating stuff to be sure, but did it help make better investment decisions, clearly not. Did the analyst know anything at all about valuing a company or a stock, I’m afraid not. Yet he was immensely popular because he provided seductive details.
Read the entire interview here: Part 1 and Part 2.

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Read more on seductive details.
Read a review of James Montier's book Value Investing on Seeking Alpha. Buy the book
Read more of James Work online
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