I am a well-documented fan of GMO (legendary investment firm Grantham, Mayo, Van Otterloo & Co) and devour every public contribution from its key figures; particularly Jeremy Grantham, Ben Inker and especially James Montier, who is the author of one of my
I also love reading Mr Grantham's letters but he has been calling the bubble for the last 10 years at least and has been consistently wrong so far. "Don't tell me what you think, show me your positions" and in this case actions speak louder than words.
Also, GMO's performance over the last 10 years were a somewhat-sad 5.82% per year, so as good as he is in writing the results speak for themselves.
I also love reading Mr Grantham's letters but he has been calling the bubble for the last 10 years at least and has been consistently wrong so far. "Don't tell me what you think, show me your positions" and in this case actions speak louder than words.
Also, GMO's performance over the last 10 years were a somewhat-sad 5.82% per year, so as good as he is in writing the results speak for themselves.
Great writing! Respect for mr grantham, but the conviction that he radiates when talking is considerably less strong when taking allocation decisions