Excerpt:
Profit margins dominate the P/E equation above, so that the market is unlikely to come down even to fair value, about 975-1000 on the S&P in our view, and stay there until profit margins decline…. And
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Excerpt:
Profit margins dominate the P/E equation above, so that the market is unlikely to come down even to fair value, about 975-1000 on the S&P in our view, and stay there until profit margins decline…. And
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The latest from Jeremy Grantham below:
“You and I, and our government must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow.” Dwight D. Eisenhower, 1961
“ would have…
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Jeremy Gratham came out with his Q2 2010 letter today. Among the topics discussed are his worrying outlook on the economy, the latest financial reform bill, global warming, the stock market, and aging populations and pension costs which happens to…
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I found a fascinating article from http://www.advisorperspectives.com/ regarding Jeremy Grantham and his thoughts about future returns for asset classes. Iwrote in a recent article that I expect low returns from the S&P 500 over the next ten years. Seth Klarman…
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