Thursday, November 11, 2010

[Video] CNBC - Jeremy Grantham Speaks

A rare live interview with Jeremy Grantham; I cannot remember seeing him on CNBC before although I am sure it has happened at some point.  (This will air at 4:30 PM today if you prefer watching it on Financial Infotainment Television)

This is a very in depth 29 minute discussion with a person who has made some excellent calls the past few decades.  Like me, he will be early in those calls, but his directional forecasts have been mostly excellent, hence his wide following. Obviously, he and I agree on many topics here - while he does talk about the misguided policies of the country, he also has quite a bit of tangible investment advice in this piece.
  • “The Fed has spent most of the last 15, 20 years manipulating the stock market, whenever they feel the economy needs a bit of a kick,” he added. “I think they know very well that what they do has no direct affect.”
  • Grantham also recommended investing in such commodities as oil and copper for the long term of 10 to 20 years. For institutional investors, Grantham said a good mix is to be overweight in franchise companies, modestly overweight in emerging markets, underweight in everything else, plus a lot of cash and “patience.”
(email readers will need to come to site to view video)

[Oct 27, 2010: Jeremy Grantham GMO October 2010 Letter - Night of the Living Fed]
[Aug 3, 2010: Jeremy Grantham GMO July 2010 Letter - Summer Essays]
[Apr 26, 2010:  Jeremy Grantham GMO April 2010 Letter]
[Jan 26, 2010: Jeremy Grantham GMO January 2010 Letter]
[Oct 27, 2009: Jeremy Grantham GMO October 2009 Letter]

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