The latest quarterly letter from GMO's Jeremy Grantham is out (.pdf), and as always it's a must read.
If you're an investor, especially one inside the industry, it's especially valuable.
Basically, he talks about one of the main reason that anyone trades: To keep their own careers. And it's this career preservation that causes the kind of wild herding that causes the market to move like crazy.
In his most recent quarterly letter titled appropriately enough "The Longest Quarterly Letter Ever" GMO's Jeremy Grantham literally kills it. Well, maybe not literally but certainly metaphorically. Do yourself a favor and read the w... Read Post
The latest quarterly letter from Jeremy Grantham. As always, a must read: var docstoc_docid="70056573";var docstoc_title="GMO";var docstoc_urltitle="GMO"; GMO Source: GMO Post Footer automatically generated by Add Post Footer Plugi... Read Post
GMO's Jeremy Grantham is out with his latest quarterly letter, which he cleverly titles The Shortest Quarterly Letter Ever. His thoughts are pithy and, as always, interesting. Of particularly interest is his take on what the US mark... Read Post