GMO

Jeremy Grantham, a contrarian voice in the market, has built his reputation by calling out market bubbles ahead of time—from late‑1980s Japan to U.S. tech in 2000 and housing before the global financial crisis. Jeremy recently joined Merryn Somerset Webb on Bloomberg’s Merryn Talks Money podcast to discuss: 📈 Why he believes we’re in the middle of an AI-driven market bubble and what could happen if that bubble bursts 📊 His long-term approach as a value investor 📚 Key lessons from his new book, “The Making of a Permabear: The Perils of Long-term Investing in a Short-term World” Listen to the full episode here: https://lnkd.in/dTH-gXC2 #ValueInvesting #AIinvesting

“At GMO, we don’t get caught up in the latest mania, we stick to our investment discipline.” GMO’s Catherine LeGraw joined VettaFi's Cinthia Murphy on an episode of ETF 360 to discuss why quality and value matter more than ever in today’s market. Watch the full episode here: https://ow.ly/c3q350Y1px7 Learn more about GMO’s approach to ETF Investing: https://ow.ly/yagv50Y1px2 For information on risks & expenses: https://ow.ly/Cfwx50Y1px4

Join Ben Inker, Co-Head of GMO Asset Allocation, tomorrow where he will be joining CFA Society of Houston for a virtual event titled, “It’s Probably a Bubble, but There is Plenty Else to Invest in.” Ben will discuss why he believes AI may be entering bubble territory and highlight where he sees compelling investment opportunities in today’s market. Learn more about the event and register here: https://ow.ly/fchv50Y0ncN

Given the growing interest in The Resilience Rundown we’d like to re-highlight Domestic Resilience’s first investor letter, published in late-October. We look forward to publishing our December/Q4 edition in the coming weeks! ✅ Read the October review. ✅ Learn more about GMO’s Domestic Resilience Strategy: https://bit.ly/4pqUINc #DomesticResilience #Reindustrialization

Long-Term Investment Strategist and Co-Founder of GMO, Jeremy Grantham, released "The Making of a Permabear" this week, co-authored with Edward Chancellor. James Grant’s review in The Wall Street Journal highlights how "The Making of a Permabear" offers a compelling look at Grantham’s enduring commitment to valuation discipline, mean reversion, and independent thinking — principles forged over decades of navigating market bubbles, drawdowns, and recoveries. Grantham’s investment philosophy has often stood in contrast to prevailing market sentiment, yet this disciplined, contrarian approach is exactly what has defined his career. Read more in The Wall Street Journal: https://lnkd.in/eaTH5RJZ

Tom Hancock, Head of GMO Focused Equity, will join CNBC's The Exchange today between 1-2pm ET, where he’ll share his views on tech in 2026 and where he sees investment opportunities today. Learn more about GMO’s Quality Strategy: https://lnkd.in/d_WhEZWg

Has the Healthcare sector's recent performance created an opportunity or a value trap? Despite being the S&P 500’s worst-performing sector for much of last year (9/30/2024 to 9/30/2025), the core drivers of long-term growth remain intact, while valuations have compressed relative to the market, pushing forward P/Es to more attractive levels. Quality businesses tied to innovation (oncology, GLP 1, vaccines) and the infrastructure that enables it (tools, CROs, bioprocessing) offer diversification plus long-term upside from secular trends. Read the full analysis: https://ow.ly/oab350XTB7i

Wishing all of our family, friends, and clients a Happy New Year!

Happy Holidays from GMO!

In early December, GMO team members had the incredible opportunity to attend the Conferences for Women event in Boston! As part of the largest network of women’s conferences in the U.S., this event empowers teams and individuals to reach their full potential, in the workplace and beyond. From keynotes by Simone Biles, Martha Stewart, and Mel Robbins to thought-provoking sessions on leadership, resilience, and growth, the event was all about empowering individuals and teams to reach their full potential. The GMO team left feeling inspired after a day of networking and celebrating the power of collaboration. #ConferencesForWomen #Leadership #Empowerment