Jeremy Grantham On.. Melt Up

0
Jeremy Grantham On.. Melt Up

Via Consuelo Mack WealthTrack

There are very few investors who can lay claim to recognizing a major market turning point, let alone several of them. This week’s guest is one of them.

Legendary value investor Jeremy Grantham is the co-founder of the global investment management firm, GMO, where he is Chief Investment Strategist and member of its asset allocation team. The firm oversees about $74 billion in assets for mostly institutional clients.

Here’s what Charlie Munger had to say at the Daily Journal meeting

Charlie MungerCharlie Munger spoke at the Daily Journal Corporation's Annual Meeting of Shareholders today. Although Warren Buffett is the more well-known Berkshire Hathaway chief, Munger has been at his side through much of his investing career. Q4 2020 hedge fund letters, conferences and more Charlie Munger's speech at the Daily Journal meeting was live-streamed on Yahoo Read More


Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.


Grantham is known for his prescient calls about those rare tectonic shifts that change the investment landscape. He saw the tech stock crash of the late 1990s coming a decade in advance. A decade later he warned of the developing credit bubble and its devastating collapse and then called the market bottom in March of 2009 when he wrote an article for GMO clients titled Reinvesting When Terrified. In it he lectured them that they “…absolutely must have a battle plan for reinvestment and stick to it.”
Recently Grantham has been predicting a possible market melt-up, a powerful late stage, two to three year-long market rally that could carry the S&P 500 up more than 60%. He notes that unfortunately that could be the final gasp before another major market decline.
We asked Grantham to make his case for a market melt-up and subsequent melt-down, and for advice on what investors should do through both.

No posts to display