Archives

Here, at your fingertips, are 34 years of issues and articles. Search by date or keyword.

Subscribers may download whatever they wish. Non-subscribers may search the archives and download past issues at the cost of $125 per issue.

Subscribers: To mark a past issue as a favorite, click on the star and it will appear on your dashboard.

To license individual articles for reprint, please email us at reprints@grantspub.com

Archive

April 20, 2018, Vol. 36, No. 08

This magic moment

Whether the transformation in monetary worldview from Martin’s generation to our own is a good thing or a bad thing is for the bondholders to judge.

For the newbies

“The bull market in everything” – stocks, bonds, Picassos, bitcoin, real estate – is over. Actually, not every bull market is kaput, contended David Rosenberg, leadoff speaker at the April 10 Grant’s Conference.

‘A special thing’

“A discount that you can actually do something about, that is objective and that, while you sit there is not dead money.”

Here’s the beef

“Big” and “asset-light” are the reigning ideas in the restaurant franchise business. “I’m here to tell you this Shangri-La doesn’t go on forever.”

No munis, please

Howard Marks reflected on the asset class which he wouldn’t go near—hasn’t touched, in fact, in 40 years.

Overreaction syndrome

When a company’s stock falls out of bed while the same company’s debt remains securely under the covers, someone is going to make money.

Hedging Mr. President

“Two assets: Both go up, and yet they are strongly negatively correlated day-to-day. Nirvana.”

So out, it’s in

This biggest risk in holding gold bullion? “Career risk,” came the answer. They’ll fire you for taking leave of your senses.

‘Somalia on purpose’

The blockchain is, “a crappy technology and a useless technology,” our speaker matter-of-factly informed the Grant’s audience.

Only the best

“The biggest mistake is actually the trades you didn’t do and the reasons for why you didn’t do those trades,” said the hedge-fund titan John Burbank.

Tax Bungle

In which Grant’s erred: U.S. investors may not, in fact, receive capital-gains tax treatment on bonds purchased at a discount to face value and held to maturity.

Who Say’s Law?

The Fed’s program of balance-sheet reduction brings to mind the punchline of the old trader’s joke: “Sell to whom?”

What You'll Get...

  • Clear and unconventional thinking
  • Analysis both micro and macro
  • Ideas both long and short across a range of asset classes
  • 34+ years of archived material --yours to browse for free
  • Speculation about the future informed by knowledge of the past
  • Writing you’d read for pleasure alone.

Follow Grant's

You can now follow Grant's
on Twitter! @GrantsPub

Archives

Browse 35 years of Grant’s archives by topic or article.

Conferences

Grant’s hosts semiannual investment conferences in New York.

Help?

Questions/Problems with the site?
Questions regarding your subscription?