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| Jeremy Grantham |
British investor Jeremy Grantham's most recent GMO Quarterly Newsletter has come out guns blazing. His observations, which are often worth reading and considering, offer a number of provocative points useful even for financial laypersons (count me in that category). One of them I appreciated was "If you can be patient and ignore the crowd, you will likely win." While that's easier said than done in finance, it's damned good advice.
Another favorite: "The investment "industry so much likes bullishness...so does the press." Anyone who has watched the CNBC cheerleaders and their relentless parade of "upbeat" analysts will appreciate this point.
Excerpts from Grantham's letter, as well as access to the entire (long) piece, was posted on the finance blog Zero Hedge.
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