Please give a warm welcome
…to James Montier and his long-awaited entry into the blogosphere. James is a former colleague and is an expert in Behavioral Finance. Indeed his research notes were among the only consistent ‘must reads’ in the firehose of analyst notes I used to receive in my previous life. He has recently left Dresdner Kleinwort and while between jobs has decided to start blogging; one can only hope his future employers allow him continue and that he remains motivated to do so once back in the banking salt mines!
If you are interested in the subject, I can highly recommend his book “Behavioral Finance: Insights into Irrational Minds and Markets” (and I’m looking forward to his forthcoming “Behavioral Investing: A practitioners guide to applying behavioral finance”) - for anyone involved in investing whether it is managing their own savings or running a multi-billion euro fund, reading James is an investment that is well worth the time.
I suspect that if more traders and hedge fund managers had read James and taken on board his insights, there would have been far less hubris and perhaps far fewer distressed situations in the markets over the past month or so. Then again, that wouldn’t be nearly as interesting to watch…
(Thanks to Rowan for directing me to James’ new site.)
