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
GMO: Value’s Turn: Eerie Parallels To 1999
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
Jeremy Grantham: The Problem With Being Contrarian
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
Jeremy Grantham: What I Learned From Chasing ‘Rocket Ship’ Stocks
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
Jeremy Grantham: This 4th Largest Bubble Of All Time Will Have A Shockingly Painful End
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: Now Is The Right Time To Exploit The Value Opportunity
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
Jeremy Grantham: Forget Private Equity And Regular Investing There’s A Better Option
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
Jeremy Grantham: 4 Books That Every Investor Should Read
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Our Book Recommendations for Investors Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That … Read More
Jeremy Grantham: Investing Was So Much Easier 40 Years Ago
Here’s a great podcast with Jeremy Grantham chatting to Barry Ritzholt at Boomberg. When asked about the difference between investing forty years ago compared with today he said: “The world was so straight forward forty years ago. There was such a limit on the talent in the business. If you … Read More
Jeremy Grantham – 10 Timeless Investing Lessons
One of the firms we watch closely here at The Acquirer’s Multiple is GMO and its co-founder, Jeremy Grantham. Grantham successfully predicted numerous financial asset bubbles. He warned against the dot-com bubble and vulnerability in the U.S. stock market leading up to the financial crisis. Over the years his shareholder letters … Read More
Jeremy Grantham – The Market Appears Not To Care At All About The Past Or To Learn Much From It
One of our favorite investors here at The Acquirer’s Multiple is Jeremy Grantham at GMO. GMO recently released its Q2 2017 Commentary in which Grantham highlights that while many believe we are living in a new era of investing, behaviorally nothing has changed in 92 years. Here’s an excerpt from … Read More
America Is Great. Home Country Bias Ain’t (GMO)
Here’s a great article from the team at GMO that demonstrates how “home country bias” may be hurting your performance. Home country bias means investors have a natural tendency to focus their investments in companies and markets in their own country. Here’s an excerpt from that article:
Jeremy Grantham: The Rules Have Changed for Value Investors
GMO Co-founder Jeremy Grantham recently did an interview with Wealthmanagement.com in which he discusses how the world has changed for value investors. He says, “Since 2000, it’s become much more complicated. The rules have shifted. We used to say that this time is never different. I think what has happened … Read More