Financial theorists, policymakers, and practitioners created the financial crisis with “bad models, bad policies, bad incentives, and bad behavior,” said James Montier of GMO UK Ltd.
James Montier discusses how bad models, bad behavior, bad incentives, and bad policies interact to create perfect storms for markets.
Does behavioral finance offer an explanation for abnormally high corporate profits? James Montier of GMO, who will be speaking at the Annual Conference in Chicago, explores the issue in his latest white paper.