James Montier
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
James Montier is The Navigator by way of humility. The GMO asset allocation team member and behavioural finance author steers by systematically mapping what he cannot know, conceding that he can identify unsustainable conditions while remaining blind to their timing.
“That shiny phones were going to change the world back then. In fact, they did. The internet did change the world in ways that I couldn't even begin to imagine, but generally not in a highly profitable fashion and certainly not the fashion that people were pricing in in 1999-2000.”
“It was really an exercise in trying to distill the experience of myself and many others into something that was easily digestible. And as I realized as I described that, I've committed one of the sins I hate, which is kind of the great dumbing down of everything, the reduction of anything important to 240 characters drives me to distracti…”
“Let me have It's an extraordinarily good question. I think that there is another Ben Graham quote, which is effectively that the only constant is change. And it is certainly true, right?”
“Exactly, that is definitely a buffetism, the fat pitch and Ted Williams, and I had to learn a lot about baseball to understand that one, which is not easy, as you can tell from my accent. But once I got by the hang of it, I said, oh, yeah, I get it, really about waiting for those good opportunities.”
Masters in Business: “James Montier on Fear and Investment (Podcast)”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE