James Montier: “The Market Is Overvalued By 50%-70%” And “Nothing At All” Is Attractively Valued

Friday, March 21, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/21/2014

A month ago we presented a must read interview by Swiss Finanz und Wirtschaft with respected value investor Howard Marks, in which, when explaining the motives driving rational investing he summarized simply, “in the end, the devil always wins.” Today, we are happy to bring our readers the following interview with one of our favorite strategists, GMO’s James Montier, in which true to form, Montier packs no punches, and says that the market is now overvalued by 50% to 70%, adding that there is “nothing at all” that has an attractive valuation, and that he sees a “hideous opportunity set.”

The Rest…HERE

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