Grantham Sounds the All-Clear (Sort of) Bubbles in global profit margins, risk premiums, and U.S. and U.K. housing prices . . . have thoroughly burst and are in their overcorrection phase with the single exception of U.K. house prices, which I’m confident will do their duty. –Jeremy Grantham, “The Last Hurrah and Seven Lean Years“;...Read More
“Waiting for the Light” “Be aware that the market does not turn when it sees light at the end of the tunnel. It turns when all looks black, but just a subtle shade less black than the day before.” –Jeremy Grantham, “Reinvesting When Terrified“; (March 2009 Newsletter) Grantham, who manages $85 billion and is one...Read More
