September 19, 2016 Does value investing still work? It's a reasonable question, given the tough stretch that value-based asset allocators have faced over the past several years (at least up until this year, which has so far been quite a good one for Team Value). GMO's Ben Inker …
Presidential Elections and the Stock Market
July 29, 2016 Excerpted from a letter sent to clients on July 12, 2016. Our view on "headline" news events is that while they can certainly have an impact on markets, that impact is impossible to reliably predict, and is often short-lived in any case. Presidential elections seem to fit …
Brexit’s Aftermath
July 14, 2016 Excerpted from a letter sent to clients on July 12, 2016. The post-"Brexit" panic seems to have fizzled out almost as quickly as it came on: global stock markets are now higher than the day before the UK voted to leave the European Union.1 In our last letter, sent …
Why own emerging markets
January 6, 2016 Excerpted from a letter sent to clients on January 6, 2016 "Every great investment started out as a perfectly good investment that went against you." — GMO's Ben Inker, on value investing Our emerging markets investments were the main cause of our portfolio pain this …