dcollon Posted April 19, 2012 Share Posted April 19, 2012 Attached is Jeremy Grantham's latest commentaryGrantham_April_2012.pdf Link to comment Share on other sites More sharing options...
Valuebo Posted April 19, 2012 Share Posted April 19, 2012 Thanks for the heads up! Link to comment Share on other sites More sharing options...
Hielko Posted April 19, 2012 Share Posted April 19, 2012 Always a good read, but I'm skeptical if 'career risk' is really the biggest inefficiency in market pricing. I suspect that fund managers often make suboptimal decisions, not because of career risk, but the same behavioral biases that also affect investors without this risk (loss aversion/anchoring/etc). Link to comment Share on other sites More sharing options...
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