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Wednesday, May 11, 2011

Jeremy Grantham - GMO Capital Q1 2011 Letter (part 2)

Below please find Jeremy Grantham of GMO Capital's second part of his Q1 2011 quarterly letter. In the first letter he discussed resource shortages and the long-term trends for commodities. In this letter he gives his views on the market and discusses how he thinks stocks are selling at 40% over fair value.


GMO Qtrly Letter

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