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GMO资产管理公司的基金经理詹姆斯·蒙蒂尔说:“如果一个人不知道研究的方向是什么,那么即使有10000个人的意见也是没有价值的。”成功的价值投资者经常依靠自己的推理过程而不是别人的意见来管理他们的股票组合。事实上,许多投资教条也并不会达到预期的投资目的,结果可能会适得其反。但这些古老的教条仍然普遍存在于投资界,蒙蒂尔认为,这些教条是为那些没有独立投资能力的投资者准备的。
James Montil, a fund manager at GMO Asset Management, said: “Even if one does not know what the research direction is, then even 10,000 people are worthless.” Successful value investors often rely on their own Reasoning process rather than the opinions of others to manage their stock portfolio. In fact, many investment dogma does not meet the expected investment objectives, the result may be counterproductive. But these ancient dogmas are still prevalent in the investment community, and Monti argues that these dogmas are for investors who do not have the ability to invest independently.