Jeremy Grantham: Obama and the Teflon Men, and Other Short Stories (Part 2)
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February 18th, 2009 by Prieur du Plessis, Investment Postcards from Cape Town
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I published the first part of Jeremy Grantham’s quarterly newsletter, “Obama and the Teflon Men, and Other Short Stories (Part 1)” on this site a few weeks ago. The second part of the newsletter by the chairman of Boston-based GMO has also now been published.
Whereas Part 1 included thoughts on the recent loss of perceived wealth and President Obama’s appointments in the financial arena, Part 2 deals with value traps, transitioning from bubbles to busts, ethics in the financial industry, and the value of GMO’s asset allocation expertise in an environment of “near certainties”.
Click the links for the two parts of the newsletter: Part 1 and Part 2.
Source: Source: Jeremy Grantham, GMO, January 2009.
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
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