Jeremy Grantham: Obama and the Teflon Men, and Other Short Stories (Part 2)

By Prieur du Plessis, on February 17th, 2009 posted in: Investment, Markets, Money

I published the first part of Jeremy Grantham’s quarterly newsletter, “Obama and the Teflon Men, and Other Short Stories (Part 1) on this site a few weeks ago. The second part of the newsletter by the chairman of Boston-based GMO has also now been published.

Whereas Part 1 included thoughts on the recent loss of perceived wealth and President Obama’s appointments in the financial arena, Part 2 deals with value traps, transitioning from bubbles to busts, ethics in the financial industry, and the value of GMO’s asset allocation expertise in an environment of “near certainties”.

Click the links for the two parts of the newsletter: Part 1 and Part 2.

Source: Source: Jeremy Grantham, GMO, January 2009.

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xenax2

February 21, 2009 at 8:16 am

Why is Peter Shiff being quoted? I’ve been reading 321gold.com for nine years. There are only two people I NEVER read who show up on that site. One is some Mugabe guy who’s trying to be funny but I just don’t get, the other is Peter Shiff. The fact that I sometimes agree with him makes me doubt my own logic. Ok. I guess that’s a good thing.