I follow Jeremy Grantham because I think his valuation of asset classes is amongst the most accurate. For someone who can forecast asset classes order of returns 10 years ago to what they are now [See this report page 2 and 3 >>] they have to be really really good.
For folks who would like to know his prediction on the average returns of asset classes here it is
Grantham’s latest report is bearish. But it is based on their studies of 10 great bubbles and the trend these bubbles take before the next recovery.
Typically they went through a long long period of normalization at overly low price.
Question to investors is: how would you be living in that scenario? unemployed? war thorn? how would you feel if your Starhub price remains at $1.30 for 10 years?
20111201 – The Shortest Quarterly Letter Ever
For those interested in tracking my most current holdings, you can review my portfolio over here. Learn to use our Free Stock Portfolio Tracking Google Spreadsheet to track stock transactions.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Buying My Financial Security Part 1 – What Kind of Lifestyle Am I Buying - November 28, 2022
- Why the 3.9% Yield of the 24 Nov Singapore T-bill Auction Fell Short of Expectations. A Deep Data Dive. - November 25, 2022
- Expect Further Negative Earnings Revision in 2023 – Morgan Stanley - November 23, 2022
Musicwhiz
Friday 9th of December 2011
In short, I agree with Marti.
Cheers.
Marti
Friday 9th of December 2011
Frankly, so long as the dividends keeps coming and the net asset per share goes up, I don't really care about the market price. Graham and Buffett have the right: ignore Mr Market, unless he is crazy enough to overpay for your shares or sell some to you at a wild discount.