Around July 2008 Grantham advised GMO clients to ignore benchmark and career risk and reduce equity holdings to rock-bottom.
Not researched Checkable, but outside the sample that was researched.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
Cite this claim
Jeremy Grantham, “Around July 2008 Grantham advised GMO clients to ignore benchmark and career risk and reduce equity holdings to rock-bottom.” (said April 2012). Verdict: not researched. Reliability API, claim c_ba38814e035f, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_ba38814e035f
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Jeremy Grantham
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Mostly true
“The tone of the market commentators back in January, when I was writing my last quarterly letter, seemed much too pessimistic on global stock markets, particularly the U.S. market, and I said so.”
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Mostly true
“I had warned of trouble if China slowed its growth for demand for minerals quickly.”
Grantham had earlier warned of trouble if China quickly slowed its demand growth for minerals.
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Mixed
“We have been modeling momentum and value as two key variables for 33 years, so this is pretty old hat.”
GMO has modeled momentum and value as two key variables for 33 years.
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Resolved true
“We are solvent, and we have stayed in business.”
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Mostly true
“we were 2 to 3 years early in our calls in both cases.”
GMO's calls on the Japan 65 P/E market and the 2000 U.S. tech bubble were 2 to 3 years early.
Verdicts are made automatically; how verdicts are made.