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THE MAKING OF A PERMABEAR JEREMY GRANTHAM, Edward Chancellor ebook

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Overview When Jeremy Grantham entered the investment business in the 1960s, he brought the thrifty Yorkshire values he had been raised with. While other money managers focused on blue chip stocks, he studied stock market history and constructed the first indices for small-cap and value stocks. Charting their ebb and flow, he saw the powerful force that would become central to his investment philosophy: mean reversion, the heartbreaking principle that good times always revert back to more boring,...

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