Video interview with Jeremy Grantham

By Prieur du Plessis, on November 26th, 2008 posted in: Investment, Markets, Money

This post features a television exclusive, with Consuelo Mack of Wealthtrack interviewing Jeremy Grantham on what he sees ahead on the financial horizon.

Grantham, chairman of Boston-based GMO, has been a perennial bear and his warnings about a financial disaster go back a number of years, but he recently turned guardedly bullish. In his October newsletter he said: “At under 1,000 on the S&P 500, US stocks are very reasonable buys for brave value investors willing to be early.

“We are reconciled to buying too soon, but we recognize that our fair value estimate of 975 on the S&P 500 is, from a historical precedent, likely to overrun on the downside by 20% to 40%, giving a range of 585 to 780 on the S&P as a probable low.”

This is Grantham’s first-ever television interview and must-see viewing material.

Source: Wealthtrack, November 21, 2008.

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Paul C Sandison

November 26, 2008 at 10:36 pm

Jeremy Grantham was superb,masterful.

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November 28, 2008 at 1:23 pm

[...] the financial horizon. Grantham’s first-ever television interview is must-see viewing material. – Investment Postcards from Capetown [...]

Lars

January 6, 2009 at 6:41 pm

One more of these wise guys. Makes me sick and tired. Will this game ever ever end ??? One day they say it will go up.The next day they predict it will go down. Mr. Doom (Faber in Hongkong) is one the smarter ones. He always says it will go down. And of course over the years he is on and off right. The other other ones have maybe a better chance to be right. Sort of if it does not go up it will go down. Remember the experiment with the monkeys in US who had to choose the right stocks? For those who don’t know: The outperformed the analysts! Monkey got e few bananas and the banker a few millions (for being completely wrong). So become an analyst: THE BEST JOB IN THE WORLD.