Home › Forums › Financial Markets/Economics › Jeremy Grantham’s 1Q09 Letter: Fantastic as usual
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May 12, 2009 at 3:53 PM #398036May 12, 2009 at 3:59 PM #397368
scaredyclassic
Participantim not bitter. just defensively pessimistic.
kind fo a realistic strategy, given the way the world is…
May 12, 2009 at 3:59 PM #397618Participantim not bitter. just defensively pessimistic.
kind fo a realistic strategy, given the way the world is…
May 12, 2009 at 3:59 PM #397841Participantim not bitter. just defensively pessimistic.
kind fo a realistic strategy, given the way the world is…
May 12, 2009 at 3:59 PM #397898Participantim not bitter. just defensively pessimistic.
kind fo a realistic strategy, given the way the world is…
May 12, 2009 at 3:59 PM #398041Participantim not bitter. just defensively pessimistic.
kind fo a realistic strategy, given the way the world is…
May 12, 2009 at 4:29 PM #397378Allan from Fallbrook
Participant[quote=scaredycat]I laugh when anyone thinks they can read a financial statement and find value where the rest of the world missed it. no one is smarter than the market. no one.
[/quote]
What a delightful piece of sophistry, scaredy. I’m not sure where I opined that I can read a financial statement and find value that no one else can, but you apparently divined that from my statement.
Nope. Not what I said at all. I simply said that the ability to read a financial statement using certain tools or skills has allowed me to invest for value over quite a few years.
Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). I would offer that the President probably has issues with reading a financial, he certainly has issues with following fair guidelines in cramming the Chrysler BK down everyone’s throats.
I recall all of the “geniuses” out there during the dot.bomb and the opening stages of the housing boom. Making money in a boom simply requires the ability to fog a mirror; consistent returns over the long haul requires diligence, fortitude and more than a little common sense. Most of which are in perilously short supply as of late.
May 12, 2009 at 4:29 PM #397628Participant[quote=scaredycat]I laugh when anyone thinks they can read a financial statement and find value where the rest of the world missed it. no one is smarter than the market. no one.
[/quote]
What a delightful piece of sophistry, scaredy. I’m not sure where I opined that I can read a financial statement and find value that no one else can, but you apparently divined that from my statement.
Nope. Not what I said at all. I simply said that the ability to read a financial statement using certain tools or skills has allowed me to invest for value over quite a few years.
Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). I would offer that the President probably has issues with reading a financial, he certainly has issues with following fair guidelines in cramming the Chrysler BK down everyone’s throats.
I recall all of the “geniuses” out there during the dot.bomb and the opening stages of the housing boom. Making money in a boom simply requires the ability to fog a mirror; consistent returns over the long haul requires diligence, fortitude and more than a little common sense. Most of which are in perilously short supply as of late.
May 12, 2009 at 4:29 PM #397851Participant[quote=scaredycat]I laugh when anyone thinks they can read a financial statement and find value where the rest of the world missed it. no one is smarter than the market. no one.
[/quote]
What a delightful piece of sophistry, scaredy. I’m not sure where I opined that I can read a financial statement and find value that no one else can, but you apparently divined that from my statement.
Nope. Not what I said at all. I simply said that the ability to read a financial statement using certain tools or skills has allowed me to invest for value over quite a few years.
Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). I would offer that the President probably has issues with reading a financial, he certainly has issues with following fair guidelines in cramming the Chrysler BK down everyone’s throats.
I recall all of the “geniuses” out there during the dot.bomb and the opening stages of the housing boom. Making money in a boom simply requires the ability to fog a mirror; consistent returns over the long haul requires diligence, fortitude and more than a little common sense. Most of which are in perilously short supply as of late.
May 12, 2009 at 4:29 PM #397908Participant[quote=scaredycat]I laugh when anyone thinks they can read a financial statement and find value where the rest of the world missed it. no one is smarter than the market. no one.
[/quote]
What a delightful piece of sophistry, scaredy. I’m not sure where I opined that I can read a financial statement and find value that no one else can, but you apparently divined that from my statement.
Nope. Not what I said at all. I simply said that the ability to read a financial statement using certain tools or skills has allowed me to invest for value over quite a few years.
Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). I would offer that the President probably has issues with reading a financial, he certainly has issues with following fair guidelines in cramming the Chrysler BK down everyone’s throats.
I recall all of the “geniuses” out there during the dot.bomb and the opening stages of the housing boom. Making money in a boom simply requires the ability to fog a mirror; consistent returns over the long haul requires diligence, fortitude and more than a little common sense. Most of which are in perilously short supply as of late.
May 12, 2009 at 4:29 PM #398051Participant[quote=scaredycat]I laugh when anyone thinks they can read a financial statement and find value where the rest of the world missed it. no one is smarter than the market. no one.
[/quote]
What a delightful piece of sophistry, scaredy. I’m not sure where I opined that I can read a financial statement and find value that no one else can, but you apparently divined that from my statement.
Nope. Not what I said at all. I simply said that the ability to read a financial statement using certain tools or skills has allowed me to invest for value over quite a few years.
Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). I would offer that the President probably has issues with reading a financial, he certainly has issues with following fair guidelines in cramming the Chrysler BK down everyone’s throats.
I recall all of the “geniuses” out there during the dot.bomb and the opening stages of the housing boom. Making money in a boom simply requires the ability to fog a mirror; consistent returns over the long haul requires diligence, fortitude and more than a little common sense. Most of which are in perilously short supply as of late.
May 12, 2009 at 4:30 PM #397383davelj
Participant[quote=scaredycat]no one is smarter than the market. no one.
[/quote]A statement that, by its very nature, can never be proven true or false.
All you can do is debate it… and no one will ever win the debate.
May 12, 2009 at 4:30 PM #397633Participant[quote=scaredycat]no one is smarter than the market. no one.
[/quote]A statement that, by its very nature, can never be proven true or false.
All you can do is debate it… and no one will ever win the debate.
May 12, 2009 at 4:30 PM #397856Participant[quote=scaredycat]no one is smarter than the market. no one.
[/quote]A statement that, by its very nature, can never be proven true or false.
All you can do is debate it… and no one will ever win the debate.
May 12, 2009 at 4:30 PM #397913Participant[quote=scaredycat]no one is smarter than the market. no one.
[/quote]A statement that, by its very nature, can never be proven true or false.
All you can do is debate it… and no one will ever win the debate.
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