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The Latest from Jeremy Grantham and GMO

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Cullen Roche Posted by (Questions: 10, Responses: 1860)
Posted on 11/08/2016 5:43 PM
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Posted by (Questions: 16, Responses: 45)
Answered on 11/09/2016 8:09 AM
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Everyone makes bad predictions. That doesn’t make Grantham’s work any less interesting.

I mean, I know it’s very popular to say that forecasting the future is hard and “nobody knows nothing”, but that’s not how this works. When you allocate assets YOU HAVE TO MAKE FORECASTS. So, you might as well try your best to make informed or probabilistic forecasts within a diversified and tax efficient strategy.

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Cullen Roche Posted by (Questions: 10, Responses: 1860)
Answered on 11/09/2016 12:03 PM
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I much prefer RA for forward-looking projections than GMO. None of it has made me engage in changing strategic allocation but it has certainly made me look for alternative alpha.

Anyway, can you post a link for their 2Q 2016 Quarterly Letter where they apparantly discuss applying duration to all assets?

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Posted by (Questions: 37, Responses: 646)
Answered on 11/09/2016 6:05 PM