Sunday, February 05, 2006

GMO Letter

Check out the latest GMO update letter from Jeremy Grantham, one of the best at mean regression, here (login required). Great comments on historical economic context for last 25 year, probable impending volatility, presidential cycles, emerging markets, staying with winners, rebalancing, alternative asset classes, recent endowment outperformance, timber, and Minsky who said "stability is unstable," the anti-tautology.

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