Rationally Assessing an Irrational Event “The current situation is not supposed to happen, which makes it tricky for us to understand exactly when it will end.” –Ben Inker, GMO Quarterly Newsletter (Q1 2013) Investing guru and resident elder Jeremy Grantham’s latest quarterly newsletter is out, and the surprise — at least to me — is...Read More
Jeremy Grantham Nails the Zeitgeist, or “The New Abnormal” The economic environment seems to be stuck in a rather unpleasant perpetual loop. Greece is always about to default; the latest bailout is always about to save the day and yet never seems to; China is always about to collapse but instead teases us by inching...Read More
