As I metioned couple of days ago, Grantham is bullish from a seven year perspective. But there is a survivorship bias inherent in that statement - one needs to figure which companies will survive and which won't. The Satyam fiasco illustrates this. As Buffett says, When the tide goes out, we find who is swimming naked. That time is here - some companies are not going to survive next year.
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1 comment:
Another well done post.
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