Tag Archive

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

During this interview with Bloomberg, Jeremy Grantham discussed the worst mistake that the average investor makes. Here’s an excerpt from the interview: They get far too enthusiastic. And I understand that. I can get pretty enthusiastic about about new deals, new start ups when people are presenting them. I like to … Read More

During this interview with David Rubenstein, Jeremy Grantham explains how he was able to make money despite the S&P being down fifty percent. Here’s an excerpt from the interview: Grantham: In ’98 and ’99, of course, was a glorious bubble, and it just went up and up and up. We … Read More

During his recent interview with Bloomberg, Jeremy Grantham is predicting the likelihood of a recession running deep into next year, accompanied by a drop in stock prices. Here’s an excerpt from the interview: Grantham: The deflationary forces from the tech stocks breaking in 2021 probably too big. The power of … 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 WealthTrack, Jeremy Grantham explained why there is a 70% chance of a market crash. Here’s an excerpt from the interview: Grantham: As you know I’m only interested in the really great bubbles like 1929, 2000, and 2021 are the three senior bubbles in U.S stock … Read More

In this interview with TIP, Jeremy Grantham discussed the changing face of American capitalism, and its impact on investors. Here’s an excerpt from the interview: Grantham: And what we have today, increasingly now for 20 years, is a style of capitalism where the stockholders are leaning on the corporations to … Read More

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