GMO’s Catherine LeGraw - Capitalizing on Global Asset Allocation in 2024 | #531

2024-04-26

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Today’s guest is Catherine LeGraw, a member of GMO’s Asset Allocation Team.In today’s episode, Catherine explains why this is “the best relative asset allocation opportunity we’ve seen in 35 years," and “we are building portfolios with some of the highest forecasted relative and absolute returns we’ve ever seen." She explains where she sees opportunity around the world today, why she’s excited about deep value and quality, and how she’s thinking about the Magnificent 7. (1:34) - Welcome to our guest, Catherine LeGraw (1:45) - Why Catherine is so excited about the opportunity set today (Record Highs…But We’re Still Excited) (8...

Today’s guest is Catherine LeGraw, a member of GMO’s Asset Allocation Team.

In today’s episode, Catherine explains why this is “the best relative asset allocation opportunity we’ve seen in 35 years," and “we are building portfolios with some of the highest forecasted relative and absolute returns we’ve ever seen." She explains where she sees opportunity around the world today, why she’s excited about deep value and quality, and how she’s thinking about the Magnificent 7.

(1:34) - Welcome to our guest, Catherine LeGraw
(1:45) - Why Catherine is so excited about the opportunity set today (Record Highs…But We’re Still Excited)
(8:04) - The Magnificent 7 (Magnificently Concentrated)
(14:39) - The opportunity in deep value
(17:10) - Opportunities in foreign stocks
(20:38) - GMO 7-Year Asset Class Forecast (Feb. 29, 2024)
(23:46) - Currency implications
(24:56) - The current state of bonds
(30:46) - Other interesting assets
(34:35) - Jump in the Deep End / GMO
(34:59) - Catherine’s most controversial opinion
(37:04) - Catherine’s most memorable investment
(38:41) - What in Tarnation

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For detailed show notes, click here

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.