Category Archive

In their latest article titled – Merger Arbitrage Opportunity, GMO explains why merger arbitrage provides a compelling opportunity for patient investors. Here’s an excerpt from the article: Intense technical liquidation in Merger Arb deals improved prospective returns As of 8/4/2021 | Source: GMO Bars represent the median values by quartile … Read More

In their latest market insight, GMO illustrate further signs of today’s bubble with stock issuance at its highest ever. Here’s an excerpt from the insight: WHEN THE DUCKS ARE QUACKING, FEED ‘EM Stock issuance highest ever, as firms and Wall Street know when it’s time to sell to eager buyers … Read More

In his recent interview on The Moneyweek Podcast, Jeremy Grantham discussed what might bring this latest prolonged bubble to an end, and the role of the ‘confidence termites’. Here’s an excerpt from the interview: Grantham: The history books are pretty clear, there doesn’t have to be a pin. No one … Read More

In their latest paper titled – JAPAN VALUE An Island of Potential in a Sea of Expensive Assets, GMO explain why Japanese value and small cap value stocks are cheap. Here’s an excerpt from the paper: Japan Small Value Stocks Present a Robust Opportunity Set for Alpha Seekers Successful cost … Read More

In his latest interview on The Rules of Investing Podcast, Jeremy Grantham discusses the 1970s high inflation period and the link between value and rates. Here’s an excerpt from the interview: Grantham: There should be. Arithmetically or mathematically. The higher the rate, the more the dividend counts. And the lower … Read More

In their latest Q1 2021 Quarterly Letter, GMO say, “that speculation is a much bigger driver in the stock market today than is normally the case.” The result may lead to today’s high fliers being the most likely to fall back to Earth. Here’s an excerpt from the letter: While … Read More

In their latest Insight titled – Value’s Turn: Eerie Parallels To 1999, the team at GMO believe that value’s recent outperformance over growth is set to continue based on the eerie similarities between today and 1999 saying, “there are many eerie parallels between today’s Value/Growth relationship and what we witnessed … Read More

In his recent interview on the Meb Faber Podcast, Jeremy Grantham discussed the problem with being contrarian. Here’s an excerpt from the interview: Grantham: Of course, I did want to add that I can say with a clear conscience that we were at our maximum bearishness in March of 2000. And … Read More

In his latest interview with Meb Faber, Jeremy Grantham relays a story about a time early in his career when he was chasing ‘rocket ship’ stocks. It was a defining lesson in his career. Here’s an excerpt from the interview: Meb: Is there a particular bubble that you look back … Read More

In his latest piece titled – Waiting For The Last Dance, Jeremy Grantham discusses why he believes we are in the late stage of this bubble, which he says, “will be recorded as one of the great bubbles of financial history, right along with the South Sea Bubble, 1929, and … Read More

GMO recently released its Q3 2020 Quarterly Letter in which they discuss the disappointing run that value has had over a number of years and why now is the right time to exploit the value opportunity. Here’s an excerpt from the letter: It has truly been a hellish time for … Read More

In his recent interview with Patrick O’Shaughnessy on the Invest Like The Best Podcast, Jeremy Grantham was asked what advice he would give to younger people interested in investing. Here’s an excerpt from the interview: Patrick OShaughnessy: I’d be curious what advice you would have for younger people interested in … Read More