Lance on Feb 25 2010 | Filed under: Great Investors
Occasionally you read something that makes you go “WOW!” Jeremy Grantham in at least half of his Quarterly Letters comes close. The other half of the time he definitely scores.
Another person who generally has the same effect, and like Jeremy was a true hero to clients who really listened over the last decade, is James [...]
Lance on Nov 24 2008 | Filed under: Asset Allocation, Emerging Markets, Global Equity, Global Fixed Income, Great Investors, Housing Market, Risk, Valuation, economy
As far as I know Jeremy Grantham has never appeared for the general public on TV or video. We get a real treat from Consuelo Mack of Wealthtrack with Jeremy dispensing advice about where the market is now. Like myself he sees the market as reasonably cheap, but not spectacularly so. He gives sound advice [...]
Lance on Oct 14 2008 | Filed under: Risk, Valuation, today's links
Yesterday was one fo the best days ever for the stock markets:
What does it mean? I think it ultimately depends on factors unrelated to the move itself. Econompic provides us with some context:
Obviously large one day moves in and of themselves tell us little about what is to come. So, let us at least look [...]
Lance on Feb 20 2008 | Filed under: Absolute Return, Asset Allocation, Great Investors, Relative Return
The Financial Times writes of his feeling of vindication.
Jeremy never falls out of favor here, but then, we are a client.
Inevitably when he is early, as he generally is, people take it as a sign he is wrong, and note the returns he gives up when he frequently goes against the tide. However, the true [...]
Lance on Feb 11 2008 | Filed under: Asset Allocation, Economics, Great Investors, Housing Market, Risk, Valuation
Jeremy Grantham echoes a few themes here at Risk and Return in this interview with Barron’s:
Secondly, this occurred at a time of what I believe is the first global bubble in pretty well all asset prices, so there is a much greater degree of broad-based vulnerability.
Lance on Jan 29 2008 | Filed under: Great Investors
In line with the comments in the previous post about the reasons people invest the way they do, and repeatedly fall for the excesses of short term speculation, Jeremy Grantham has long spoken of the career risk of unconventional success and failure.
The great paradox of our business is that reducing or avoiding real risk [...]
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