<![CDATA[James Montier - Equity markets are overvalued]]>James Montier er Value investor by heart og leverer et par gode vurderinger af økonomien og forskellige sektorer.
Han er ansat hos amerikanske GMO, der løbende reducerer i deres beholdninger af selv store selskaber. De er på 50% og forventer at nå 39% ved udgangen af året.
http://www.fuw.ch/article/equity-markets-are-overvalued/

Et godt citat: Gazprom for example, which trades at a P/E of 2, is very cheap. But again, this is not a market to be enthusiastic. Every asset has been affected by the quest for return. I call this the Cinderella curse: Cinderella has already been taken out by Prince Charming, so you are left with the choice between her two ugly stepsisters.

]]>https://dev.proinvestor.com/forum/topic/437754/james-montier-equity-markets-are-overvaluedRSS for NodeSat, 25 Jul 2026 15:58:32 GMTMon, 24 Mar 2014 11:31:47 GMT60<![CDATA[Reply to James Montier - Equity markets are overvalued on Tue, 25 Mar 2014 06:00:49 GMT]]>Jeg har ledt lidt efter en bedre forklaring på hans syn på S&P. Jeg fandt dette:
http://www.businessinsider.com/gmo-james-montier-annotated-cape-chart-2014-2
JM tror på mean reversion for profit Margin også. Det giver god mening, da økonomisk teori burde tilsige, at hvis man kan have så høj profit Margin, så burde konkurrencen blive øget.
http://www.advisorperspectives.com/commentaries/gmo_32012.php

]]>https://dev.proinvestor.com/forum/post/9447327https://dev.proinvestor.com/forum/post/9447327Tue, 25 Mar 2014 06:00:49 GMT