Tag Archives: Jeremy Grantham

The Market and the Economy Mid-Year 2014: A Top-Down View

Posted on July 17, 2014 by Ray Galkowski, CFA

I have excerpted part of PAR’s semi-annual letter that PAR sent to clients on July 7, 2014, and I have pasted it below. No one knows where the market is going to end up in the near term, but over the … Continue reading →

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Howard Marks on Risk (in Jason Zweig’s 2/12 Intelligent Investor Column) and Montier on the Risk and Return Characteristics of Value vs. Growth Companies

Posted on February 15, 2011 by Ray Galkowski, CFA

Howard Marks had been writing outstanding letters to his investors for years. I have read almost every one of his letters since and found that they are filled with fantastic investing common sense. Howard Marks has also been delivering great … Continue reading →

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Historical Market Returns by Year (1825 – 2010)

Posted on December 30, 2010 by Ray Galkowski, CFA

I first saw the Friess Associates and Yale University market return histogram a few years ago and found it fascinating. Barring a large collapse on the last trading day of the year tomorrow, the returns on the S&P 500 (the … Continue reading →

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An Interview with Jeremy Grantham

Posted on November 13, 2010 by Ray Galkowski, CFA

Jeremy Grantham of GMO is an exceptional big thinker on markets. I think bottom-up investing makes the most sense, but Grantham always makes us think when he speaks about macro events. I had the good fortune of sitting in the … Continue reading →

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