Alex Cowie

In his excellent new quarterly letter, ‘Oh, the good old days’, Legendary value investor, Jeremy Grantham, rips into the reasons and ramifications of the richly valued S+P500 that has had an average PE 65% higher in the twenty years since 1997 than the period before. He blames abnormally high US... Show More

Livewire News

GMO: The S&P is over-valued on every model. Having spent a large proportion of my career working at investment banks, I'm well aware of Stockbroker Economics, the second tenet of which is The market is always cheap. Over the years I've witnessed many attempts by the practitioners of this dark-art... Show More