Investment Themes, Portfolio Management, Risk management
The first 4-5 pages are, let’s put it this way, entertaining for their irony. That said, it’s hard to disagree with Mr. Grantham’s conclusion in the latest GMO letter: concentrate your portfolio in quality U.S. stocks with a global earnings mix. We’d extend that to some non-US quality stocks with diversified earnings sources, of course.
Tags: economy, gmo, inflation, letter, macro, pessimism, portfoliomanagement, report, riskmanagement
