GMO’s Jeremy Grantham recently sat down for a lengthy interview with Charlie Rose, and offered a number of interesting takes on the economy and stock market. Grantham says that the great U.S. franchise company stocks are a bit expensive, but that the balance of the U.S. market is very expensive. Overseas in emerging markets, the […]
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Tag Archives: Jeremy Grantham
Grantham on a Low-Growth, Overpriced Environment
February 8, 2013 
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Equities and other assets have become overpriced (to varying degrees) just about everywhere you look, GMO’s Jeremy Grantham says in his latest quarterly letter. “Courtesy of the … Fed['s] policy, all global assets are once again becoming overpriced,” writes Grantham. “But, as always, asset prices are not uniformly overpriced: emerging markets and, we believe, Japan […]
Read moreSiegel Counters Grantham on Profit Margins, Zero Growth
December 19, 2012 1 Comment
Wharton Professor and author Jeremy Siegel was pretty accurate with his 2012 market call, and he thinks 2013 is going to be another solid year for stocks. “We’re going up,” Siegel tells Robert Huebscher on Advisor Perspectives. “We could get another 15 to 20%. I’m on record saying that I think there is an overwhelming […]
Read moreSlow Growth Here To Stay, Says Grantham
November 30, 2012 1 Comment
GMO’s Jeremy Grantham says those waiting for the U.S. to return to the 3%+ growth rates it has averaged over the past hundred years are going to be disappointed. “The U.S. GDP growth rate that we have become accustomed to for over a hundred years … is not just hiding behind temporary setbacks,” Grantham writes […]
Read moreGrantham Keeping Head Down Amid Headwinds
October 29, 2012 0 Comments
In an interview with Charlie Rose for Bloomberg BusinessWeek, GMO’s Jeremy Grantham says he’s going to be quite cautious in 2013. “I am going to be careful, particularly for the first half of next year,” Grantham says. “Great brands of blue chips are not so bad in the U.S. Emerging countries are about fair price. […]
Read moreGrantham: Act Now, Or Food Crisis Could Be Devastating
August 3, 2012 0 Comments
GMO’s Jeremy Grantham says the world is well into a food crisis that isn’t likely to abate, and that it will have huge sociological, governmental, economic, and investment repercussions. “We are five years into a severe global food crisis that is very unlikely to go away,” Grantham writes in his latest quarterly letter on GMO’s […]
Read moreGrantham: U.S. Stocks Aren’t Cheap, But International Stocks Look Okay
June 22, 2012 0 Comments
GMO’s Jeremy Grantham says that U.S. stocks are not cheap, as many believe, but that international equities are looking more attractive. “You’d lose a ton in U.S. small caps; but international small caps are fairly priced — right on the nose,” Grantham said at the Morningstar Investment Conference, CNBC reports. “If you put together a […]
Read moreGrantham on Incredibly Irrational Markets
April 27, 2012 0 Comments
In his latest quarterly letter, GMO’s Jeremy Grantham offers some very interesting data on the disconnect between the stock market on one hand, and the economy and “fair value” of the stock market on the other. “This difference is massive — two-thirds of the time annual GDP growth and annual change in the fair value […]
Read moreGrantham: Investment Outlook “Not Bad At All”
March 1, 2012 0 Comments
GMO’s Jeremy Grantham has released his fourth-quarter letter, and, while the often-gloomy strategist focuses a good deal on the troubling flaws of the existing capitalist system, his investing outlook paints a fairly attractive picture. “The majority of global equities are within spitting distance (a technical term) of fair value,” Grantham writes. “Only the S&P 500 […]
Read moreGrantham’s Firm Sees “Mother of All Bubbles” in China
February 17, 2012 1 Comment
Jeremy Grantham’s firm is taking a very bearish stance on China, believing the country is in a huge infrastructure and real estate bubble. “China is experiencing the mother of all bubbles,” Peter Chiappinelli, portfolio strategist at Grantham’s GMO, says, according to InvestmentNews.com. “We don’t know when it’s going to pop or what’s going to cause […]
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