Tuesday Link-Ups: Is Value Investing dead?

Given the current market levitation due to Central Bank interventions – it would be easy to conclude that Value Investing is a waste of time.  I don’t personally believe this – I mean, if you can’t use valuation as a touchstone, what would you use to analyze good investments?

Morningstar has a great interview with one of my heroes – James Montier, Head of Asset Allocation for GMO that speaks to this concern:

• Morningstar – Reducing the Pain of Contrarian Investing

James has written many books, one of my favorites is:

[AMAZONPRODUCTS asin=”B0144NZ7HO”]

This book helped me better understand why I am my own worst enemy when it comes to investing – and helped me develop processes to avoid sabotaging my portfolio – highly recommended.

Here are more examples of James writing directly from GMO’s website:

• GMO – Quantifying the Fed’s Impact on the S&P 500
• GMO – Debts, Deficits, and Delusions