Here is the SIG presentation.
We will continue our new format of looking at multiple topics, driven by the interest of the group. Queued up are: Jeremy Grantham’s market outlook. Are bonds going to outperform stock? The new bond equation. What the heck IS a bond? How to pick a financial advisor. How to build a portfolio wisely and safely. How to make money investing in the bubble before it bursts.
Click to view or download the PowerPoint file
Tags: Fixed Income, Grantham, Strategy, Valuation
Great presentation. GMO’s approach makes alot of sense to me.
“What we specialize in at GMO, not surprisingly perhaps,
is doing the easy job: we wait for extreme situations and
predict that they will become normal once again. When
markets sell at normal prices, life for us becomes much
harder, perhaps 10 times harder. Predicting movements
away from rational prices in an irrational world should
not be easy, and indeed it is not.”