Tag Archive

In their recent Q1 2022 Letter, GMO discusses one way to protect your portfolio from inflation after the fact. Here’s an excerpt from the letter: The long-term supply/demand dynamics in natural resource markets favor high and rising prices. The clean energy transition will take decades to play out and will, … Read More

In his recent interview with CNBC, Jeremy Grantham discusses the first sign that a bubble is about to pop. Here’s an excerpt from the interview: Grantham: I only specialize in what I call the really great bubbles. If you go back to 1929, to 2000, to Japan and the housing… … Read More

In his recent Oxford Lecture, Jeremy Grantham illustrates the trouble with capitalism using his story of the devil and the farmer. Here’s an excerpt from the lecture: Grantham: This is my story of the devil and the farmer. The devil goes to a midwestern farmer and says, I will give … Read More

In his latest article titled, Putin’s Invasion Reminds Us That We Live In A Finite World, Jeremy Grantham discusses the impact of all key commodities required by the modern economy being finite in supply. Here’s an excerpt from the article: Spaceship Earth, together with its local galaxies, is speeding through … 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 interview on the Meb Faber Podcast, Jeremy Grantham discusses what happens when investors are short-term in their thinking and bit innumerate. Here’s an excerpt from the interview: Jeremy: And people are all focused as they always are on the next year or two. I get that. But I’m … Read More

In their latest Insight titled – Making Money And Reducing Risk In An Equity Superbubble, GMO explain how investors can still make money while reducing risk in an equity superbubble. Here’s an excerpt from the Insight: Navigating the career risk associated with bubbles (especially superbubbles) has always been tricky and … Read More

In their latest Q4 2021 Letter, GMO discuss four of the biggest investment mistakes to avoid in a rising market. Here’s an excerpt from the letter: None of us, regardless of our skill and experience in investing, can be spared the pain caused by making mistakes. While we can all … Read More

In his latest interview on The Long View Podcast, Jeremy Grantham discusses stock price manipulation. Here’s an excerpt from the interview: Grantham: Corporate buybacks have been the shining number one driver of this 11-year bull market and has changed everything. And then, with the stimulus program, of course, the individuals came … Read More

In his latest commentary titled – Let The Wild Rumpus Begin*, Jeremy Grantham explains why we are currently in the fourth superbubble of the last hundred years. Here’s an excerpt from the commentary: All 2-sigma equity bubbles in developed countries have broken back to trend. But before they did, a … Read More

In an interview at the end of last year on the Citywire Podcast, Jeremy Grantham explained why our children will be talking about this market in 50 years time. Here’s an excerpt from the interview: Grantham: If I thought it was crazy in June/July of last year. Oh my God! … Read More

In their latest insight titled – Value Traps vs Growth Traps, GMO explains why growth traps are worse than value traps. Here’s an excerpt from the article: When Value disappoints, markets are mad. When Growth disappoints, they are merciless. Value traps are facts of life for value managers. A stock … Read More

In his interview earlier with year on the Invest Like The Best Podcast, Jeremy Grantham provided a great illustration of what happens in a bull market. Here’s an excerpt from the interview: And the consequences will we might be approaching a rather similar Minsky moment in the not too distant … Read More

In their latest Q3 2021 Market Commentary, GMO discusses the frustration of watching your neighbor get rich. Here’s an excerpt from the letter: The end of the quarter is also a time to breathe and take stock more broadly of the “mood” of the markets and our clients. While we … Read More

In their latest insight titled – Wounds That Never Heal, GMO provides some great research that shows just how long it takes to recover when the bubble bursts. Here’s an excerpt from the insight: WOUNDS THAT NEVER HEAL Why so focused on bubbles? The damage they inflict can last decades. … Read More

In their latest market commentary titled – Making Money On Companies That Make No Money, GMO discuss the fact that today, 60% of the Growth stocks in the Russell 3000 Index make no money, yet these very companies have been generating huge returns in price movement over the past few … Read More

In his recent interview on CNBC, Jeremy Grantham discusses what to own in a broad overpriced world, which includes value stocks outside the U.S. Here’s an excerpt from the interview: I do hold some gold and it’s not… it’s not helping me much, I will say that. It’s a strange … Read More

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