Quarterly letters are usually cuter than they need to be (ours included). GMO’s Jeremy Grantham writes a great letter usually filled with analogies and backstories. But December’s turns out to just be his “Notes to Myself” and is insightful and refreshing. Here: http://bit.ly/tzQfi6
Spoiler Alert: he thinks the S&P could overcorrect as is the case with most bubbles and be down 30% by this time next year. #gulp
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