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Wednesday, November 20, 2013

GMO Capital Q3 2013 Letter to Investors

Jeremy Grantham and GMO Capital is out with their Q3 2013 Letter to Investors.  In the letter they make the case that the market is overvalued and is apt to revert to the mean in the not too distant future.  Jeremy Grantham then goes on to share his thoughts on the recent Nobel prize winners, Janet Yellen, and potential forward GDP growth given presidential cycles.  Overall its enjoyable stuff.

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