Jeremy Grantham: Last Hurrah and Seven Lean Years



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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