Feel free to watch the interview on Jeremy Grantham’s Super Bubble. Personally i completely agree with him but there many who thinks he’s outdated - So HYS.
I couldn’t post this on the Youtuber thread as Jeremy Grantham doesn’t really qualify as a Youtuber - some might disagree tho
Well the Russian invasion of Ukraine might just have prevented or delayed the super bubble… although i would prefer we have the bubble than a single death or home destruction of a Ukrainian
I mean regardless of what anyone thinks of Jeremy Grantham you don’t have to be a genius to reliaze what macro market we are in.
Also Berkshire seems to agree largely with him too. Look at the cash stack they have in reserve just waiting. Warren Buffet a lot smarter than me, I know this much
His market commentary always comes out whenever there is a miner correction. I don’t think he can market time more than anyone else (i.e basically never). It does not pay to bearish on the market if you are a long term investor is the view of great investors like Peter Lynch.
For evidence:
The S&P has returned 200%+ since 2013. He is just a perma bear. He’ll go on Bloomberg when there is crash next month/year/decade and be hailed as a visionary. He also said markets were ripe for a crash in 2016 too.
Its all relative, if I take a look down my 10 single stock holdings:
5 stocks are <10 P/E
9 stocks < 20 P/E
FCF yield of portfolio is around 10%.
So broadly speaking I am happy to add to many of my stocks at current levels, yes we may well see downturns in earnings so P/E TTM will be less than ideal but have a solid margin of safety.