Given my pronouncement above, is it not odd that The Wall Street Journal has chosen to give Mr. Grantham a beat down? What a travesty and disservice to Journal readers. I remember the same treatment given to another hall of fame fund manager, John Neff, during one of Mr. Neff’s many out-of-phase periods. I have rigorously and diligently followed both Mr. Neff’s and Mr. Grantham’s careers with reverence. And my conclusion, after decades of monitoring, is that an investor could not have found a more dedicated and prescient steward of their funds than either Mr. Grantham or Mr. Neff. I feel honored to have spent so many wonderful years benefiting from the knowledge I have gained from these true masters.
And now the WSJ writes: “Investors are bailing on Jeremy Grantham once again.”
Mr. Grantham, co-founder and chief investment strategist of Boston money manager Grantham Mayo Van Otterloo & Co., has been out of step with the market several times during the firm’s four decades. GMO has usually rebounded, with the 78-year-old investor earning acclaim with asset-bubble calls ahead of Wall Street busts in 2000 and 2008.
Lately, though, the firm is going through one of its roughest periods.
Read more here.
Latest posts by Dick Young (see all)
- Four Ways to Win the Investment Horse Race - October 11, 2019
- This is the Most Persuasive Test of High-Quality Investing: Does Your Portfolio Pass? - October 4, 2019
- Are You Confused by the Investment Hype? - September 27, 2019