Investing in a New Era of Global Tensions Jeremy Grantham, co-founder of GMO, is a voice of sanity in a world that is becoming less sane, one TikTok at a time. He wrote in his latest letter: As for the U.S. market in general, there has never been a sustained rally starting from a 34 Shiller P/E. The only bull markets that continued up from levels like this were the last 18 months in Japan until 1989, and the U.S. tech bubble of 1998 and 1999, and we know how those ended.
It shows the skill that an investor, with experience and deep knowledge of the market, can have to draw accurately the global geopolitical situation. This is not an easy task.
The analysis of the evolution and perspectives of the military industry have allowed him to make this asset allocation which seems to me a very good strategy for the next decades.
I totally agree with you Vitaliy, the world is turning into a real powder keg and in Europe we have run out of the utopian world we thought we were living in. It would be better for everyone if we Europeans started to think in other terms.
This article is excellent.
It shows the skill that an investor, with experience and deep knowledge of the market, can have to draw accurately the global geopolitical situation. This is not an easy task.
The analysis of the evolution and perspectives of the military industry have allowed him to make this asset allocation which seems to me a very good strategy for the next decades.
I totally agree with you Vitaliy, the world is turning into a real powder keg and in Europe we have run out of the utopian world we thought we were living in. It would be better for everyone if we Europeans started to think in other terms.
Thank you for writing such didactic articles.