Thermal Ebb
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Don't have too many gurus from the Behavioral Finance community so it's good to be able to celebrate a few pithy one-liners from James Montier.
From those who want more 'meat' I've attached a link.
1. Always insist on a margin of safety.
2. This time is never different.
3. Be patient and wait for the fat pitch.
4. Be contrarian.
5. Risk is the permanent loss of capital, never a number.
6. Be leery of leverage.
7. Never invest in something you don’t understand.
James Montier Applies His Seven Immutable Laws of Investing to Europe | Enterprising Investor
From those who want more 'meat' I've attached a link.
1. Always insist on a margin of safety.
2. This time is never different.
3. Be patient and wait for the fat pitch.
4. Be contrarian.
5. Risk is the permanent loss of capital, never a number.
6. Be leery of leverage.
7. Never invest in something you don’t understand.
James Montier Applies His Seven Immutable Laws of Investing to Europe | Enterprising Investor
