Comments
Transcript
-
JEThanks, Looking forward to seeing Ben again. GMO, thoughtful, and long term.
-
RBI turned this off the moment he described Tesla as a “manufacturer”. Bring on guests who actually understand the companies.
-
AHI love Ben and Jeremy, but I am not certain that this discussion brought conclusions for how to use their framework in todays environment. eg I am not certain we have a world where interest rates will increase materially in the next seven years. Good for relative value which may be very important, but not sure it was the most value contextually for this policy/ economic backdrop. JMHO
-
SBThis could be the best interview yet. Thank you.
-
MVAbout Tesla I think he is missing a HUGE point. They are not only selling cars... they are selling smart cars ! The car and therefore Tesla will know where everyone is going to, how long did they spend there etc etc.... They will be able to drive you to a place you didn't know you even wanted to... That will be the first place where advertisers will want to put ads in.
-
MBTSLA sold 500k cars per year, NKLA sold 0 cars. And he puts them in the same category 🤦♂️🤦♂️🤦♂️ That guy is hopeless. He would miss AMZN, GOOG, FB
-
SGThis is a great interview with the way Ed masterfully steers the discussions and Ben's very clear articulation of his views and thesis, without hyperbole or jargon. I especially liked the way the interview ended about the banks and financials, being the "financial" in the financial crisis. And they are being priced at levels below the valuations of 2009 - and this strangely is not being shouted about in the media. If all is so well with the world, why are banks priced so poorly? Ben is right that the banks are not going to go away - but I think the current valuations are a sign that there is going to be significant disruption to what they are today before this is all over. They won't be allowed to fail as we have seen for the past 10 years, central banks will see to that. But they won't be in the form they are today before this is all over. However long it takes.
-
TCGreat conversation. Love the commentary on the 60/40 portfolio which is going to be a challenge going forward. On Apple: While I agree Apple will get regulatory scrutiny, the reality is they have only 20% of the mobile phone market, whereas Android has a much more dominant position. The dust up really seems to be about the 30% rake on the App Store, which seems unreasonable on the surface, but in reality, it's not an unreasonable a rake. Apple pours $$ into the App Store ecosystem to make apps easy to develop and safe for users - changing that model is basically app developers shooting themselves in the foot...
-
NII don't know how Ben can say investors haven't lost money on Elon's lies. Both longs and shorts took a blood bath on Elon's $420 lie. That's just the tip of the iceberg.
-
DBEd, next up Montier?
-
JJFabulous conversation and great interview. Lots of common sense advice.
-
SSEM value = energy and mining?
-
RMExcellent interview. Love the comments on banks...personally looking at BAC, JPM, and C. Also appreciate his remarks on missing the past run-ups. Lots of old school investors, including myself, are wrestling with the valuations of growth stocks though most of us would like to own some of them. Can the Fed never allow the market to crash for more than a month? The buy the bounce mentality has us value guys wondering if the chicks will ever come home to roost someday with a true bear market.
-
WSGreat interview - valuable info...encore plz.
-
RLGreat interview and very insightful with practical ideas
-
BAGreat job Ed. Again and again you work around a subject from different angles adding to a bigger understanding of the whole.
-
TWGreat interview, Ed. I loved how you placed Tesla on the tee for Ben. (Tho guessing your portfolio shares of Tesla are something less than 1). Calling Tesla share owners the opposite of smart elicited, as of this writing, 6 thumbs down and 115 thumbs up and some challenges in the comments. Back to Ed's great interview and Ben... Good job--both of you.. No.... Great job
-
OATruly great interview.
-
jGThe differing lenses through which your guests view the world forces you to think. There were bits I agreed with and bits I did not. ---- but it is through my subscription to Real Vision that I actually have a foundation on which to base my current view of the world. So, more please ...
-
LBA-mazing, amazing content! Thumbs up!
-
OCI think that this is a great interview. That chart on 7-year forecast is quite eye opening even if it is a forecast.
-
CROh, Oh - "Its different this time' - look at around 46 minutes left
-
CBGreat Interview!
-
RMGreat interview, the quality of interviewer and guest is 10/10.
-
PUReally really good interview! Bravo
-
DFVery amusing "UK unwilling to negotiate".
Chapters
-
Intro to GMO: Asset Allocation and Beyond
-
Has Everything Changed for Asset Allocators?
-
Making Sense of FAANG Dominance
-
Speculative Fervor and Narrative Bubbles
-
Valuations and Bonds in Today's Low Rate World
-
7-Year Outlook and Return Forecasting
-
The Biggest Changes Coming Out of COVID
-
US vs. Non-US Assets
-
The Trouble with Valuing the Financial Services Sector