Latticework Investor

Value Investing

Lessons (not) learnt

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Post from My Investing Notebook that has a presentation from James Montier.

The summary slide lists 10 lessons (not) learnt

  1. Markets aren’t efficient
  2. Relative performance is a fool’s game
  3. This time is never different
  4. Valuation matters
  5. Wait for the fat pitch
  6. Sentiment matters
  7. Leverage can’t make a bad investment good
  8. Beware of over-quantification
  9. There is no substitute for scepticism
  10. Don’t underestimate the use of cheap insurance

Written by latticework01

December 16, 2009 at 2:35 pm

Posted in Uncategorized

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