Jeremy Grantham: Last Hurrah and Seven Lean Years

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GMO’s Jeremy Grantham investment letter in May 200 lays out likely possibilities for the direction of the markets and the economy going forward. He outlines what is a high probability outcome of where we go from here.

It is the single best thing I have read this year on the markets, the economy, and the Fed. Grantham manages to take Common Sense and raise it to a brilliance not many market commentators can lay claim to.

His eloquent, sparse writing paint a compelling picture of what we should expect over the next few years. Bottom line: Investors should brace themselves for less than stellar returns.

This is your weekend homework assignment . . .

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