Read the complete letter (Grantham July 2011-1) "The Devil and the Farmer The Devil, disguised as an innocent agent of a large agricultural company, arrives at a typical Midwestern farm. He has come to suggest to the farmer that he engage in more aggressive farming, and he comes, as usual, with a contract. The contract, … Continue reading Nugget: Jeremy Grantham Quarterly Letter – Resource Limitations 2
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Jeremy Grantham on Commodities
This is from Jeremy Grantham´s letter to shareholders for the first quarter of 2011: This is an amazing picture and it is absolutely not a reflection of general investment euphoria. Global stocks are pricey but well withinnormal ranges, and housing is mixed. But commodities are collectively worse than equities (S&P 500) were in theU.S. in … Continue reading Jeremy Grantham on Commodities