As Ben Graham wrote, "Let me conclude with one of my favourite clichés - the French saying: 'The mo…

Warren Buffett has long used the concept of the "Circle of Competence" to urge investors to focus o…

Montier traces the origins of this shift in compensation to work from Michael Jensen and William Me…

Assuming you aren’t expecting outright deflation, then the best that can be said for owning some tr…

"This might just be the cruelest time to be an asset allocator. Normally we find ourselves in situa…

And Montier says that it is this mentality that leads to greed, making investors no longer fear los…

He continued: "Simply said, the notion that savings reduces investment is a bold claim that runs co…

The US is saddled with mountains of debt, with the ratio of private-sector debt to GDP clocking in …

You may still be wondering how can a bubble truly exist without the type of optimism that can blind…

Montier traces the origins of this shift in compensation to work from Michael Jensen and William Me…

In his paper, Montier addresses a number of side effects seen in corporate behavior as a result of …

1. Clients should demand that their assets be held by a third party custodian instead of a sole fir…

Below is a chart from Montier. It's of the cyclically-adjusted price-earnings (CAPE) ratio, which w…

"Rather than cleanse the economy, recessions actually restrict workers from advancing to jobs that …

Ruhle obviously was putting the Marks in an awkward position by asking him to make a call on such a…

We put together all 22 recommendations which include financial books that changed the way Grice vie…

And in case some of your bullish friends have convinced you that Professor Shiller's P/E analysis i…

It's from fund manager John Hussman. It shows six valuation measures in addition to the Shiller PE …

You know you are in a bubble when the G20 expresses concerns about the consequences of ultra loose …

And in case some of your bullish friends have convinced you that Shiller's P/E analysis is irreleva…