Grantham on the markets
Source: http://www.investmentpostcards.com/2009/06/09/grantham-on-the-markets/Posted on Tuesday, June 9th, 2009 | In Bonds, Commodities, Market Commentary
Jeremy Grantham has become a familiar, and very popular face on this site. For those treasuring his insight, wisdom and prescient calls, a fascinating interview with the co-founder and chairman of Boston-based GMO has just crossed my path. It comes in the form of a mega five-part interview recently conducted with the legendary investor.
This interview is not to be missed.
Part I: Grantham on getting back into the market
He offers his take on re-entering a market that seems neither too expensive nor too cheap.
Part II: How Grantham defines “high quality”
Grantham says to keep it simple when finding top-notch businesses and offers his take on high-quality’s recent lagging performance.
Part III: Grantham’s “seven lean years” hypothesis
He says the lost-wealth perception arising from the bear market paints a fairly negative picture for consumer spending going forward.
Part IV: Value matters in everything
Grantham on the distinction between growth and return, and the importance of normalizing for profit margins.
Part V: Inflation top of mind for Grantham
He says inflation can be avoided with careful policy, but the minefield is treacherous and uncertain.
Source: Morningstar, May 28, 2009 (hat tip: GreenLightAdvisor).
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Bonds, Boston, Cape Town, Commodities, GMO, investment postcards, jeremy grantham, Market Commentary
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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June 9th, 2009 at 12:20 pm
[...] , but the minefield is treacherous and uncertain. Source: Morningstar , May 28, 2009 (hat tip Grantham on the markets – straightstocks.com 06/09/2009 Jeremy Grantham has become a familiar, and very popular face on [...]