Jeremy Grantham: US Stocks are Expensive and Bonds are Disgusting ppt

... Jeremy Grantham: US Stocks are Expensive and Bonds are Disgusting By Robert Huebscher June 26, 2012 Jeremy Grantham, who has consistently identified overpricing in the US equity ... the Dot Com bubble and the irrational pricing that preceded the financial crisis, for instance – said last week that US stocks are “a little expensive and bonds are disgus...

Ngày tải lên: 06/03/2014, 04:20

Ngày tải lên: 07/02/2013, 09:32

Ngày tải lên: 24/01/2014, 06:20

... investment expenses and your own emotions, rely on your own common sense, be very careful, and then stay the course. 1 What’s Ahead for Stocks and Bonds And How to Earn Your Fair Share Keynote Speech ... investors in mutual funds earn over time. Using Justice Brandeis’s formulation, the mutual fund industry is obsessed with the delusion and is foisting that delusion on fund in...

Ngày tải lên: 06/03/2014, 04:20

... government bonds with what can only be described as the failure of the pre-IPO ‘gray market’ for shares. As argued by C hari and Weber (1992) and Sundaresan (1992) and documented by Nyborg and Sundaresan ... BONDS ARE SOLD BY A UCTION AND CORPORATE BONDS BY POSTED-PRICE SELLING In most industrialized countries, government bonds are sold by auction whereas corporate bond...

Ngày tải lên: 06/03/2014, 04:21

Ngày tải lên: 06/03/2014, 08:20

... dependency and a longing for good and heroic parents? Or is it true that no matter how competent managers are, their leadership stagnates because of their limitations in visualizing purposes and generating ... War, could produce disastrous results. Yet unless expectations are aroused and mobilized, with all the dangers of frustration inherent in heightened desire, new thinking...

Ngày tải lên: 24/10/2013, 07:15

... or falling, and if management has a successful busi- ness plan. In the next chapter, you will learn the tools and tactics that funda- mental analysts use to value stocks. 96 U NDERSTANDING S TOCKS 10381_Sincere_03.c ... brand recognition and that advertise heavily. These companies are called industry leaders. If people are buying the company’s prod- ucts, the company’s earnings wi...

Ngày tải lên: 24/10/2013, 08:20

... average tax rates - the mean and standard deviation for BRIBEIV are 0.012 and 0.012 respectively. Analogous statistics for TAXIV are 0.085 and 0.046. Thus, a firm in an industry at the 10 th percentile of ... corruption and growth. V. Conclusion We have shown that there is a strong, robust, and negative relationship between bribery 18 rates and the short-run growth rates of U...

Ngày tải lên: 23/12/2013, 06:17

... average tax rates - the mean and standard deviation for BRIBEIV are 0.012 and 0.012 respectively. Analogous statistics for TAXIV are 0.085 and 0.046. Thus, a firm in an industry at the 10 th percentile of ... corruption and growth. V. Conclusion We have shown that there is a strong, robust, and negative relationship between bribery 18 rates and the short-run growth rates of U...

Ngày tải lên: 16/01/2014, 16:34