Take a look at this insightful article by Jeremy Grantham in the 4Q 2016 GMO Quarterly Letter (h/t: RME):
278 more words
“[W]e live in a different world from the one we grew up in.
(8 August 2016, AFR, p28, by Karen Maley)
‘You’ve got to hand it to the legendary US investor, Jeremy Grantham. Back in May, Grantham, the co-founder and chief investment strategist of GMO, a Boston-based fund manager with $US99 billion ($130 billion) in funds under management, argued the US Federal Reserve was hard at work inflating fresh asset bubbles. 113 more words