Search found 658 matches

by Whakamole
Tue Aug 14, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 427
Views: 23258

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Well, I would say that now, but when I'd gone through a good chunk of my adult life with savings accounts in the 5-6% range and equities pumping out double-digit annual returns year after year, it seemed unreasonable to base retirement on less than 5% nominal. And now, saving more money doesn't see...
by Whakamole
Tue Aug 14, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19095

Re: "Don't Obsess About Expense Ratios"

Value is the question, I agree. If you are saving $400 and see a net return lag of $1,200 in tracking error due to inferior execution and/or index construction (a two-part question for these funds) I would consider it an inferior product and less value. It would only take a .08% tracking error to l...
by Whakamole
Tue Aug 14, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 427
Views: 23258

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Yes, he does, but that is for Berkshire. When he talks to the Know-Nothing Investor (his words), he simply says 10% in cash and 90% in the S&P. That is what he is doing for his wife when he dies. Would you recommend a 90% S&P 500/10% bond portfolio for the average retiree? His wife is now 72. No, b...
by Whakamole
Tue Aug 14, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 427
Views: 23258

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

stemikger wrote:
Tue Aug 14, 2018 12:16 pm
Yes, he does, but that is for Berkshire. When he talks to the Know-Nothing Investor (his words), he simply says 10% in cash and 90% in the S&P. That is what he is doing for his wife when he dies.
Would you recommend a 90% S&P 500/10% bond portfolio for the average retiree? His wife is now 72.
by Whakamole
Tue Aug 14, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

The 8-K is quite brief : Tesla Announces Formation of Special Committee to Evaluate Potential Going Private Transaction Palo Alto, CA, August 14, 2018 -- Tesla, Inc. (the “Company”) announced today that its Board of Directors has formed a special committee comprised of three independent directors to...
by Whakamole
Mon Aug 13, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

Matt Levine is out with an entire blog on this which is rather rare for him. This one will leave a mark. This has to be stock price manipulation, right? I'm also not sure how a company with millions of shareholders would be private. That sounds public to me. Otherwise other companies would just cla...
by Whakamole
Mon Aug 13, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19095

Re: "Don't Obsess About Expense Ratios"

When Vanguard was thumping the competition with unbelievably low ER's , it made sense for that cost to be a significant factor when choosing a provider. But once the fees are close to identical or with very little difference, it loses its compelling consideration compared to the past. That's what I...
by Whakamole
Mon Aug 13, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19095

Re: "Don't Obsess About Expense Ratios"

When Vanguard was thumping the competition with unbelievably low ER's , it made sense for that cost to be a significant factor when choosing a provider. But once the fees are close to identical or with very little difference, it loses its compelling consideration compared to the past. That's what I...
by Whakamole
Fri Aug 10, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 151
Views: 19308

Re: International stocks in free fall

vineviz wrote:
Fri Aug 10, 2018 1:45 pm
May be a good day for rebalancing?
Or tax loss harvesting... VFWAX is still the preferred TLH partner, correct?
by Whakamole
Fri Aug 10, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 200
Views: 18124

Re: Vanguard to offer non-Vanguard ETFs commission-free

darkhorse346 wrote:
Fri Aug 10, 2018 4:47 am
August 8th?.... :shock:
Perhaps they mean August 8th using the Julian calendar - that's not for another 11 days: https://www.timeanddate.com/calendar/?country=23
by Whakamole
Wed Aug 08, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Rising Vanguard exec slated to head PAS departs
Replies: 1
Views: 433

Re: Rising Vanguard exec slated to head PAS departs

Vanguard spokesperson Emily M. Farrell confirmed. Korenman “is no longer with the company.”
Hmm.
by Whakamole
Wed Aug 08, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2754

Re: Two voices in my head

Grt2bOutdoors wrote:
Wed Aug 08, 2018 4:40 pm
mega317 wrote:
Wed Aug 08, 2018 4:34 pm
TM90 wrote:
Wed Aug 08, 2018 4:18 pm
I think I'm going to wait until we have a market crash (40-50% down from top) so I can buy low and sell (hopefully) high.
Don't do this. What if the next crash is 39%?
Or 18%?
Or 90%?
by Whakamole
Wed Aug 08, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

It's only distracting if the CEO spends their time talking about them and spending their energy dealing with them. All public companies have short sellers. I've worked for mostly public companies and don't remember any of the CEOs I've worked for grumbling about them. Could it be that the CEO is sp...
by Whakamole
Wed Aug 08, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

Shouldn't a CEO be more focused on building a viable long-term business than going after short sellers? Short sellers distract the business from its long-term mission with attacks that try to push the stock price down. This could be misinformation or fake news to confuse potential buyers or sabotag...
by Whakamole
Wed Aug 08, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

Shouldn't a CEO be more focused on building a viable long-term business than going after short sellers?
by Whakamole
Wed Aug 08, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19095

Re: "Don't Obsess About Expense Ratios"

The choices in terms of index funds are fewer at Fidelity than at Vanguard (22 versus 62 based on a quick check). For instance if you want a ex-US small cap stock index fund, Vanguard has one but not Fidelity. The number of index funds is a bit higher than 22 - Fidelity runs some of the index funds...
by Whakamole
Mon Aug 06, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Costco doesn't charge zero for gasoline. Even if Fidelity does have lower actual costs (as a percentage of assets) than Vanguard, they still would have costs above zero. If multiple classes cost more due to multiple tickers, having just the one ticker should still cost something. Creating your own ...
by Whakamole
Mon Aug 06, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12732

Re: "Age in Bonds" fails almost everyone

Since when does "diversified" mean "must hold bonds?" https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/default-investment-alternatives-under-participant-directed-individual-account-plans A QDIA may be: Life-cycle or targeted-retirement-date fund; Balanced fund...
by Whakamole
Mon Aug 06, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Jim Dahle, M.D. (White Coat Investor) has a great blog post today putting all this in perspective... https://www.whitecoatinvestor.com/expense-ratios/ The article is a great synthesis of this thread. Better than this thread, more facts and no vitriol. I just read that WCI post. If by "more facts" y...
by Whakamole
Sun Aug 05, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Not sure if this has come up earlier in this thread, but what happens to 401k accounts that use Institutional Fido index funds. Will they switch to the zero cost fund ? That could be a pretty big hit for Fido. The prospectus says that shares of the new funds are "available only to individual retail...
by Whakamole
Fri Aug 03, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Vanguard should be concerned about the removal of mandatory minimums. I know younger investors who want to get into a mutual fund in taxable accounts, but don't want to save up for the $3K minimum (or $10K minimum for Admiral shares.) At Fidelity you can start a three-fund portfolio with $100.
by Whakamole
Fri Aug 03, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 112
Views: 11321

Re: Treasury Bonds are the Only Bonds You Need

I agree with the assessment that Treasurys are all one needs -- corporates, munis, fallen angels, etc. can be avoided. However, I am of the opinion that the treasury bonds should be internationally diversified. You want sovereigns from all over the world just in case something happens to your home ...
by Whakamole
Fri Aug 03, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3135

Re: Is schwab TSM index fund serving 2 masters?

The guy that works across the hall says the same thing about his credit union versus the eeeevil for-profit banks and brokerages and is earning 0.60% on his $50K emergency fund. I mentioned that he could earn around 2% risk-free about 3 or 4 different ways without taking on much if any duration ris...
by Whakamole
Fri Aug 03, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 200
Views: 18124

Re: Vanguard to offer non-Vanguard ETFs commission-free

I wish they would respond to messages in a timely fashion. It's been 44 hours, 32 minutes without a response. Might be intentional. Vanguard might prefer you buy Vanguard ETFs at another brokerage who will provide response times that better meet your needs rather than incurring the expense of a hea...
by Whakamole
Fri Aug 03, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3135

Re: Is schwab TSM index fund serving 2 masters?

Interesting. I'd like to be wrong! My statement was based on trying to change cost basis on an account and having a handy "change" button beside stocks/etfs and no change button beside mutual funds. I'll call Fidelity and see what they have to say. Try these instructions: https://www.fidelity.com/w...
by Whakamole
Fri Aug 03, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3135

Re: Is schwab TSM index fund serving 2 masters?

One example of how Vanguard better serves investors is specific lot identification for mutual funds. Neither Fidelity or Schwab offer specific lot identification for mutual funds. I do not think this is true. I remember selling specific mutual fund lots at Fidelity and their website says you can do...
by Whakamole
Thu Aug 02, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 337
Views: 21479

Re: Invest in Tesla?

Honda $61B Clarity has 89 mile rang. Toy car. Clarity Hybrid is EXACTLY the type of car I'd want. All-electric for 50 miles, then kicks on the gas engine for longer drives. Fits ALL purposes. Electric only commute, but still able to drive ANYWHERE, including scenic roads, and small highways, not ju...
by Whakamole
Thu Aug 02, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I sense this too. 0% ER means nothing if they are FoFs and own underlying securities with huge costs or are some other high ER funds. Remember, no one can serve 2 masters! How do people think Fidelity & Co shareowners pay for their lunch? lol I'd take Vanguard's ownership structure to clear out all...
by Whakamole
Thu Aug 02, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

My issue with the international version of it is that, according to the prospectus, it doesn't include small caps. I'd prefer to pay 0.06% more to include small-caps. As for the US stock market version, it's 0.015% versus 0%. Not a huge difference unless you have a lot in it. $1.50 per every $10k i...
by Whakamole
Wed Aug 01, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Vanguard said five years ago that the cost of ETFs could go to zero: http://www.investmentnews.com/article/20130402/FREE/130409990/vanguard-exec-teases-free-etfs Also Vanguard already has a funds where securities lending revenue covers the fund expenses: international small cap, US extended market, ...
by Whakamole
Wed Aug 01, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Here is the video interviewing a representative from Fidelity. You'll enjoy the last question at the end of the video. https://www.cnbc.com/video/2018/08/01/fidelity-first-no-fee-interest-funds.html Interviewer: "Are you tacitly saying that Vanguard has won?" She didn't really answer the question :...
by Whakamole
Wed Aug 01, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

A couple pages in it says "There is no purchase minimum for shares of the fund offered in this prospectus." Is that right? Its hard to believe there will first dollar 0 ER funds. Not that I would complain. I was just on the Fidelity website and spoke with someone there and this does seem to be true...
by Whakamole
Wed Aug 01, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 625
Views: 53124

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

International: Normally investing at least 80% of assets in securities included in the Fidelity Global ex U.S. Index℠ and in depository receipts representing securities included in the index. The Fidelity Global ex U.S. Index℠ is a float-adjusted market capitalization-weighted index designed to refl...
by Whakamole
Mon Jul 30, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5531

Re: Vanguard Precious Metals and Mining Fund is changing

Additionally if not mentioned Vanguard Emerging Markets Select Stock Fund Vanguard Emerging Markets Select Stock Fund (VMMSX) will add Baillie Gifford Overseas Ltd. (Baillie Gifford) as an investment advisor. On or about July 27, 2018, M&G Investment Management Limited will no longer advise the fun...
by Whakamole
Sun Jul 29, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements blog - Argues for all-in-one fund
Replies: 21
Views: 3633

Re: Jonathan Clements blog - Argues for all-in-one fund

I'm also concerned about cognitive decline. Staying the course in a specific target date fund will be easier than managing domestic stock/international stock/bond percentages and trying to make sure they are somewhat optimized.
by Whakamole
Fri Jul 27, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 347
Views: 44363

Re: MoviePass-Too good to be true, but it's legit.

MoviePass starting to have financial issues... https://markets.businessinsider.com/news/stocks/moviepass-owner-hmny-stock-price-crashing-briefly-ran-out-of-money-2018-7-1027407569 "Starting" to have financial issues is overly generous, but your point is well taken. The end seems to be near.... Spou...
by Whakamole
Fri Jul 27, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5531

Re: Vanguard Precious Metals and Mining Fund is changing

https://investor.vanguard.com/mutual-funds/precious-metals-changes?cmpgn=EM:RIG:ED:Stargaze:JulEmail:Email:0718:0101:FNA:MUF:0323 For anyone who owns this fund, just an FYI, and another reason to avoid active funds, as it appears they are completely changing the investment strategy. asif408: Invest...
by Whakamole
Thu Jul 26, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: disposable cell phone
Replies: 19
Views: 1348

Re: disposable cell phone

To make 100% sure any phone would work there, I think I would buy when as soon as I arrived. You can also look up your phone against the major carriers in Canada to see who will support it. I've used this site with good luck before: https://willmyphonework.net/ They focus on data but if (say) Roger...
by Whakamole
Wed Jul 25, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Giving money to adult kids
Replies: 23
Views: 3801

Re: Giving money to adult kids

What about a Single Payment Immediate Annuity? I like this idea. I'm not well versed in annuities and inheritance but an income stream for your children should keep them on their toes and from blowing it all at once. My one thought is that the original post mentioned that one of the children had a ...
by Whakamole
Tue Jul 24, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Cheaper alternatives to Broadway shows?
Replies: 25
Views: 851

Re: Cheaper alternatives to Broadway shows?

There's Off-Broadway and Off-Off-Broadway--always my choice when I go to NYC. Much less expensive and (in my opinion) often more interesting shows. There are also many ways to get discount tickets, e.g. at www.broadwaybox.com (search under Broadway or Off-Broadway). Interestingly I was browsing Wik...
by Whakamole
Mon Jul 23, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Coast to Coast 2-3 Week Road Trip
Replies: 16
Views: 1916

Re: Coast to Coast 2-3 Week Road Trip

I've been thinking, if I was taking a leisurely trip in September I would go to as many football games as possible. I bet in 3 weekends you could get to 8 or 9 games if you're thoughtful. See? You need to tell us your interests. I would see as many baseball games as possible. In 3 weeks you could s...
by Whakamole
Mon Jul 23, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecasts are worse than a toss of a coin
Replies: 47
Views: 4288

Re: GMO 7 year forecasts are worse than a toss of a coin

Just to clarify my understanding, the 10.5 error bar for EM means that there could have been an annual return over the 7 year period of anywhere from -2.9% to 18.1% and this would have been counted as a correct prediction? Right. GMOs assertion was that, at the end of the 7 year period, the actual ...
by Whakamole
Sun Jul 22, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecasts are worse than a toss of a coin
Replies: 47
Views: 4288

Re: GMO 7 year forecasts are worse than a toss of a coin

I found a GMO forecast from 2011. It shows these error bars: US Large +/- 6.5 OUT US High Quality +/- 6.0 OUT US Small +/- 7.0 OUT Intl Small +/- 7.0 IN Intl Large +/- 6.5 IN Emerging Markets +/- 10.5 IN Emerging Debt +/- 8.5 IN US Bonds +/- 4.0 IN Index Linked Bonds +/- 1.5 IN Cash +/- 1.5 IN Intl...
by Whakamole
Fri Jul 20, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 42
Views: 4065

Re: Index-ish fund that lacks FAANG?

And why would you want one? If you are a worker at a tech company like a FAANG, you already have considerable wealth tied up in the health of the tech sector - not just your salary and whatever stock/options you have, but also your ability to get a job should the sector have problems. Perhaps real ...
by Whakamole
Fri Jul 20, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 42
Views: 4065

Re: Index-ish fund that lacks FAANG?

SPXT omits some components (still has Amazon and Netflix since they aren't considered technology/telecommunications companies.)
by Whakamole
Thu Jul 19, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 101
Views: 9499

Re: Draft a will with legalzoom or other online legal help

I figure if our children still could not manage their life well when they are already 30 years old and waste all the money we give them, they deserve to start from the beginning. Not going to comment on what you should do, but there are far worse things that can happen, such as one of your children...
by Whakamole
Wed Jul 18, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3258

Re: How Unclaimed Property Laws Can Affect Retirees

If they are IRA's with zero activity, what about the taxes? Do they just withhold (at max tax rate?) and send the rest to the state ? And what about penalties for those "underage"? And what about money in 403b/etc., plans - money that cannot be removed per rules? RM This was stated in the article W...
by Whakamole
Tue Jul 17, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: iBonds within a revocable trust
Replies: 6
Views: 321

Re: iBonds within a revocable trust

You absolutely can. You can even transfer bonds held individually into the trust.

https://www.treasurydirect.gov/indiv/to ... trusts.htm
by Whakamole
Mon Jul 16, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecasts are worse than a toss of a coin
Replies: 47
Views: 4288

Re: GMO 7 year forecasts are worse than a toss of a coin

Thanks for this! Yes, I remember now... GMO's forecasts usually get discussed in this forum... GMO was so sure that emerging markets stocks would outperform US stocks, and by a large amount. Don't forget timber : Jeremy Grantham, co-founder and chief investment strategist at GMO, the asset manager ...