Search
Recent Posts
- The UK economy: an independent, vaguely informed comment
- Are markets bringing Trump to heel?
- Trump and Dump
- ESG Remains a Central Topic for Institutional Investors and Fund Initiators in Europe
- US tariffs impact
- DeepSeek shows us that 2025 won't just be about Donald Trump
- The UK's economic disaster is beginning to filter through to front line news
- Fight or flight? All that glitters is not gold. RBC Bluebay
- Trump 2.0, a song of fire and ice
- FSB develops analytical framework and toolkit to assess climate-related vulnerabilities
Become a Fan
« Culture The Key To Meeting Regulatory Challenge | Main | Jungfraujoch Comes To BBC2 »
The 13th Labour Of Hercules: GMO
James Montier, a member of GMO's asset allocation team, writes to institutional clients in a new white paper on the prospects for preserving and growing capital in a world of slowing growth.
Defining financial repression loosely "as a policy that results in consistent negative real interest rates," Mr. Montier poses the question "…how does a value investor respond to this? It certainly appears as if the assets one would normally associate with capital preservation are expensive.
So can and/or should you substitute other assets such as equities into the role of safe-haven value store?"
The paper is available from GMO's site at: "The 13th Labour of Hercules: Capital Preservation in the Age of Financial Repression!" http://www.gmo.com
Posted at 02:10 PM in News & Comment | Permalink