In "Value Investing," James Montier embarks on a critical examination of the established norms of the financial world, challenging the very foundations of modern portfolio theory and the efficient market hypothesis. With his characteristic wit and astute analysis, Montier not only dismantles widely accepted principles but illuminates the path towards a more reliable and time-tested strategy: value investing. This book is an essential guide for anyone looking to navigate the tumultuous waters of the financial markets with a steady hand, offering a beacon of rationality in an industry often swayed by irrational trends. Montier's work is not just a critique but a practical manual that arms investors with the necessary tools to achieve sustainable long-term returns. Through a blend of behavioral finance insights and real-world examples, particularly from the 2008/09 financial crisis, he demonstrates the pitfalls of growth investing and the virtues of being a contrarian. "Value Investing" is more than a book; it's a comprehensive journey into the heart of investing philosophy, debunking myths, and laying down a solid groundwork for financial success through value investment principles. Whether you're a seasoned investor or new to the field, Montier's insights will challenge your thinking and help refine your approach to investment.