Jeremy Grantham Slashed Stock Holdings In Second Quarter

And this is why Jeremy Grantham, the British-born investment strategist and founder/former chairman of Grantham, Mayo, Van Otterloo & Co. (oversees $117 billion in client assets as of June 30, 2015), is one of Survival And Prosperity’s “crash prophets.” From the Nasdaq website on August 18:

Jeremy Grantham, chairman of the board of Boston-based asset management firm Grantham Mayo Van Otterloo, is known for his ability to identify speculative market “bubbles” and using that knowledge to lead clients away from financial disasters.

Like most of the gurus we follow, Grantham bought some stakes, sold some stakes and added to some others in the second quarter. But, by far, most of his activity involved reducing existing stakes – more than 250 of them

(Editor’s note: Bold added for emphasis)

As I’ve mentioned before, Grantham’s individual clients have included former U.S. Vice President Dick Cheney and U.S. Secretary of State John Kerry.

This recent action reminded me why that is.

You can read the entire piece on Nasdaq.com here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, September 10th, 2015 Bubbles, Crash Prophets, Investing, Stocks

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