James Montier Presentation at CFA conference

[zarley]

A nice presentation by James Montier about basic flaws in finance and how they lead to bad outcomes:

 

How bad models, bad behavior, bad incentives, and bad policies interact to create perfect storms for markets

How physics envy in finance and the abuse of mathematics endanger our industry

What effects these problems have on the finance industry

 

http://annual.cfaconference.org/2012/05/06/live-stream-session-the-flaws-of-finance/

[dcollon]

Awesome...thanks Zarley

[zarley]

And a link to a "script" for the presentation (The Flaws of Finance) is available at GMO's website.

 

https://www.gmo.com/America/Research/

[Myth465]

Very good, thanks for the links. I really like James Montier, but cant read him... Great presentation.