✅   GMO Q3 2024 Quarterly Letter

Finance

Over the last decade, U.S. large cap growth stocks have been far and away the best performing major financial asset in the world. However, as most good contrarians know, the most attractive prospective investment opportunities rarely come from past winners, especially when they have been of this magnitude. In this piece we consider three notable relative equity market underperformers during U.S. growth’s triumphant run: U.S. value, U.S. small, and China. Specifically, we share four avenues of analysis we recommend for differentiating between those assets which are poised to rebound and those which are in danger of continuing to disappoint:

seekingalpha.com     Dec 20, 2024