Tag Archive

During his recent interview with Morningstar, Jeremy Grantham discussed the paradox of market euphoria and its aftermath. He observes that the most euphoric stock market periods—1929, 1972, the tech bubble of 2000, the 2008 financial crisis, and 2011—were followed not by strong economic growth but by some of the worst … Read More

During his recent interview with Morningstar, Jeremy Grantham describes a unique market cycle where a classic 2021 bubble merged with the rapid rise of AI-related stocks in 2022-2023. Initially, a small group of AI-driven stocks, the “Magnificent Seven,” surged as the broader market declined, marking a concentrated gain. Grantham likens … Read More

During this keynote address at Columbia University, Jeremy Grantham discussed the inefficiency of momentum in stock markets, emphasizing that while there are many inefficiencies, momentum is the largest. Over time, he argues, asset prices gravitate back to their fair value, which he defines as their replacement cost. Using the analogy … Read More

In their recent article titled – DEEP VALUE A Rose by Any Other Name Would Smell as Sweet, GMO explain why deep value stocks present compelling opportunities as they are trading extremely cheaply compared to broad markets and their historical averages. Outside the U.S., deep value is at the 2nd … 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 Investor’s Podcast, Jeremy Grantham discussed how rising debt has failed to stimulate the U.S. economy, pointing out that the debt-to-GDP ratio tripled after 1987, yet economic growth slowed. He argues that despite expectations, increased debt hasn’t enhanced growth and questions the excitement over low-interest … Read More

During his recent interview with The Investor’s Podcast, Jeremy Grantham discusses the dangers of market bubbles, highlighting Japan’s 1989 bubble where the market traded at 65 times earnings, far beyond its historical norm. He emphasizes that high price-to-earnings (P/E) ratios often predict severe downturns rather than prosperity, citing Japan’s lost … 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 this interview with Insightful Investor, Jeremy Grantham discusses the difficulty of achieving good investment returns in the current market. He argues that past winners, like the “Magnificent” Nifty 50 stocks of the 1970s, often underperform in subsequent cycles. Grantham believes this pattern will likely repeat, despite the impressive nature … Read More

In his latest paper titled Sustainability Or Bust: The Sheer Impossibility Of Eternal Compound Growth, Jeremy Grantham argues that focusing on GDP growth is not important. Even with a declining GDP due to shrinking population and reduced resource consumption, a high quality of life can be achieved through technological advancements … Read More

In his latest article titled The Great Paradox of the U.S Market, Jeremy Grantham admits that while there is no clear historical analogy to this strange new beast (AI), but his best guest is still that this second investment bubble – in AI – will at least temporarily deflate and … 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 from GMO, Ben Inker argues that higher quality deep value stocks are currently very cheap and a great investment opportunity. Here’s an excerpt from the article: There is no lack of academic literature on quality and related topics, and my apologies to any whom I’ve offended … Read More

During his recent interview with Nate Hagens, Jeremy Grantham explained why we should all expect something pretty bad this time. Here’s an excerpt from the interview: Grantham: 2000 was another humdinger, bigger and better than 1929, full of absolutely crazy behavior. The housing bubble was very much a housing bubble, … 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 this interview with The Compound, Jeremy Grantham explains why the real estate market has created a global bubble, causing house prices to skyrocket. Explore the best mini excavator options for precision digging in compact spaces. He believes in the long run, house prices are expected to decrease due to … Read More

During this interview with Merryn Talks Money, Jeremy Grantham believes that the stock market is in a bear market and that the recent rallies are temporary reprieves. He points to the fact that the rallies have occurred in the middle of a great bubble that is on the way down, … Read More

In this presentation with LiveWire Markets, Jeremy Grantham explains why the investing world is typically wrong. He argues that the investing world is too optimistic and too willing to go with the group, and that this leads to people making bad investment decisions. Here’s an excerpt from the presentation: Grantham: … Read More

During this interview with The Compound, Jeremy Grantham explained why quality stocks are the only free lunch in the investment business. Here’s an excerpt from the interview: Grantham: Quality has a claim on being the most mispriced characteristic in the marketplace. In the old days we used to be interested … Read More

During his recent interview with The Compound, Jeremy Grantham explained why the market is a coincident indicator of comfort. Here’s an excerpt from the interview: Grantham: The model suggests it will if the world were to behave like it has behaved in every other major bubble. That’s all it would take. … Read More