Category Archive

In their latest Q1 2023 Letter, GMO explained why investors should consider shorting junk stocks. Here’s an excerpt from the letter: Junk stocks not only underperform, but they do so with higher volatility and particularly struggle when times get tough. Hence, Junk companies are interesting candidates for shorting in general … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During his recent interview with Rosenberg Research, Jeremy Grantham discussed the three areas to own in U.S Equities. Here’s an excerpt from the interview: Grantham: But the main thing is avoid the U.S. Because of this rather strange, almost inexplicable bias. The U.S is so much more expensive this time … Read More

During his recent interview on The Investor’s Podcast, Jeremy Grantham explained why the first interest rate cut is when the second half of the pain will start. Here’s an excerpt from the interview: Grantham: People make a big mistake to average bull markets and bear markets, that is not about … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During his recent interview with the What Goes Up Podcast, Jeremy Grantham explained why this market will not bottom until deep into next year. Here’s an excerpt from the interview: Grantham: Mostly the great bubbles, when they break, they take a long time. There’s an exception but they typically take … Read More

In their recent Q4 2022 Letter, GMO highlighted that in 2022 within U.S. large caps, the value/growth spread was a stunning 24% in favor of value. Here’s an excerpt from the letter: Even within at least one strategy that looks to have been perfectly JOMO – the value versus growth … Read More

In his latest letter, Jeremy Grantham says the most ancient recession predictor is indicating a recession is pending. Here’s an excerpt from the letter: Other factors suggesting a long or delayed decline include the fact that we start today with a still very strong labor market, inflation apparently beginning to … Read More

In his latest viewpoint titled – After A Timeout, Back To The Meat Grinder, Jeremy Grantham says the market could fall a stomach-turning 50% from here. Here’s an excerpt from the viewpoint: My calculations of trendline value of the S&P 500, adjusted upwards for trendline growth and for expected inflation, … Read More

In their latest Insight, GMO explain why deep value offers a compelling opportunity within U.S Equities. Here’s an excerpt from the Insight: Investment committees around the world will soon meet to assess 2022 portfolio performance, often looking line by line at winners and losers. However, we believe the most attractive … Read More

In their latest 7-Year Asset Class Forecast, GMO are predicting that ‘Emerging Value’ will be the standout for the next seven years, with a 9% return. The best returns in the bond market will come from ‘Emerging Debt’, which is forecast to return 3.5%. Here is a detailed analysis: Stocks … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

During his recent interview on the Conversations With Tyler Podcast, Jeremy Grantham explained why it’s par for the course for markets to be wrong. Here’s an excerpt from the interview: Grantham: Absolutely. I think it’s par for the course for markets to be wrong. On a horizon that’s over two … Read More

In their latest article titled – Value vs Growth – The Unwind Continues, the team at GMO explains why Value is poised to outperform Growth. Here’s an excerpt from the article: Crucially, what both of those arguments are failing to take into consideration is valuation. We believe that Value will … Read More

In their recent article titled – Growth Investing Ain’t About The Rates, GMO explain why value investors should take a fresh look at quality growth companies. Here’s an excerpt from the article: Rising rates hurt investors; claims on profits in the future are simply worth less if you discount them … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

In his latest article titled – Entering The Superbubble’s Final Act, Jeremy Grantham warns investors to prepare for an epic superbubble finale. Here’s an excerpt from the article: Previous superbubbles saw a much worse subsequent economic outlook if they combined multiple asset classes: housing and stocks, as in Japan in … Read More

In his recent interview on The Investor’s Podcast, Jeremy Grantham explained how the stock market ‘termites’ always go for the juiciest speculative things first. Here’s an excerpt from the interview: I would argue that the termites got into action quite a bit earlier than that. You expect them to go … Read More

In his recent interview on The Investor’s Podcast, Jeremy Grantham discusses where this bear market might bottom. Here’s an excerpt from the interview: In terms of the entire bear market, it would be unusual for it to bottom out anywhere near this high. I would expect that by the low … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More