Money and Finance
GMO founder Grantham says markets ‘ripe for major decline’ in 2016 (LINK)
Book of the day: My Life & Work - An Autobiography of Henry Ford
- Links
This looks like a great event if you're in NYC on November 11th: Berkshire Hathaway 50th Anniversary Symposium [H/T @CunninghamProf] (LINK) Creating an ideal environment for optimal investment decision making (LINK) THE NOT TO DO LIST (LINK)...
- Links
Michael Lewis on Charlie Rose discussing Flash Boys, one year after publication (video) (LINK) How to Succeed in Life, the Warren Buffett Way (LINK) Things You Didn’t Know About Buffett’s Strategy (LINK) Warren Buffett and 3G May Have One Barrier...
- Links
Jeremy Grantham Divines Oil Industry's Future (LINK) [Excerpt from his letter.] The simplest argument for the oil price decline is for once correct. A wave of new U.S. fracking oil could be seen to be overtaking the modestly growing global oil demand....
- Jeremy Grantham: Learning To Live With A Stock Bubble
Link to: Jeremy Grantham: Learning to Live With a Stock BubbleFor Jeremy Grantham, founder and strategist at GMO, a Boston-based money manager that oversees about $120 billion, it hasn't been easy watching equity markets rack up huge gains. As...
- Identifying Recession
In the last post I discussed using VIX to time market dips and what happens when the VIX goes over 50. However, VIX over 50 is not a good indicator of a recession. On 9/11, the VIX went way above 50 but the recession started in 2008-2009. Today I will...
Money and Finance
Links
GMO founder Grantham says markets ‘ripe for major decline’ in 2016 (LINK)
A well-known fund manager who foresaw the Japanese crash, the dotcom bubble and the global financial crisis has predicted that markets will be “ripe for a major decline” some time in 2016, potentially triggering government bankruptcies.
Saudi Arabia may go broke before the US oil industry buckles [H/T @AlexRubalcava] (LINK)Jeremy Grantham , founder and chief strategist of GMO, a $118bn investment house based in Boston, expects the stock market to continue to march higher in the coming year, eventually sucking in retail investors and setting up a serious decline around the time of the US elections in late 2016.
If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade.
From a Million Miles Away, NASA Camera Shows Moon Crossing Face of Earth [H/T James] (LINK)The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape for the Middle East and the petro-rentier states.
Book of the day: My Life & Work - An Autobiography of Henry Ford
- Links
This looks like a great event if you're in NYC on November 11th: Berkshire Hathaway 50th Anniversary Symposium [H/T @CunninghamProf] (LINK) Creating an ideal environment for optimal investment decision making (LINK) THE NOT TO DO LIST (LINK)...
- Links
Michael Lewis on Charlie Rose discussing Flash Boys, one year after publication (video) (LINK) How to Succeed in Life, the Warren Buffett Way (LINK) Things You Didn’t Know About Buffett’s Strategy (LINK) Warren Buffett and 3G May Have One Barrier...
- Links
Jeremy Grantham Divines Oil Industry's Future (LINK) [Excerpt from his letter.] The simplest argument for the oil price decline is for once correct. A wave of new U.S. fracking oil could be seen to be overtaking the modestly growing global oil demand....
- Jeremy Grantham: Learning To Live With A Stock Bubble
Link to: Jeremy Grantham: Learning to Live With a Stock BubbleFor Jeremy Grantham, founder and strategist at GMO, a Boston-based money manager that oversees about $120 billion, it hasn't been easy watching equity markets rack up huge gains. As...
- Identifying Recession
In the last post I discussed using VIX to time market dips and what happens when the VIX goes over 50. However, VIX over 50 is not a good indicator of a recession. On 9/11, the VIX went way above 50 but the recession started in 2008-2009. Today I will...