Monday, December 1, 2014

GMO White Paper

Link to white paper: The World’s Dumbest Idea
In this white paper, James Montier, a member of GMO's Asset Allocation team, presents evidence that bolsters his assertion that Shareholder Value Maximization has been a complete failure and has contributed to some worrisome economic outcomes.

Related video: James Montier: Shareholder Value Maximization: The World's Dumbest Idea? (Montier starts in the video around 5:30)