James Montier is a senior team member at leading investment house GMO and one of the brightest minds in financial services. In 2005, he produced a paper titled “Seven Sins of Fund Management”, which is a behavioural critique of some generally accepted practices in asset management.

One of the topics that he focuses on is meeting with the management teams of companies as part of the investment analysis process, which he describes as mutual love-ins. He bases his view, inter alia, on confirmation bias, as most of us tend to hear what we want to hear when we meet these captains of industry...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.