1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4624) 

Jeremy Grantham Q1 2013 Letter - The Race of Our Lives

April 26, 2013 | About:
GMO QtlyLetter 1Q2013



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 4.2/5 (5 votes)

Comments

LwC
LwC - 4 years ago    Report SPAM
In this Quarterly Letter, Mr. Grantham offers a correction to widely reported comments attributed to him, that he recently predicted that the natural gas price will triple in five years to $12:

"Correction: Natural Gas Forecast

I am bullish about the longer-term price of natural gas and in my personal account I am long the futures several years out. At five years out, the implied price is $4.50 mcf. However, in the Q&A section of a talk I gave recently I was quoted as saying that in five years the price "would have tripled." This implies a price, then of $12. This is either a misquote or a misspeak. What I intended to say and have said before was that from the low last year the price would be likely to triple in 5 years: that is to about $6 or $7 mcf, far above the assumed $4.50 then, but far below the number in the quote."

gurufocus
Gurufocus premium member - 4 years ago
test
vgm
Vgm - 4 years ago    Report SPAM
LwC -- very interesting. Thanks for pointing this out. The figure of $12 was never plausible or ever supported with a rationale. $6 is in line with the predictions from Wilbur Ross who of course is involved heavily in nat gas.

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Canadian Value


User Generated Screeners


DANGORDONEBITA GROWTH 1Y 5-30-17
DANGORDONEBITA GROWTH 5Y 5-30-17
DANGORDONEBITA GROWTH 10Y 5-30-17
DANGORDONEBITA GROWTH 3Y 5-30-17
skoutasEPV
sbeccuegfTweedy Brown
Miguel PrioreBRIC PS+JG+MP
ngcp66best screen
Ps0FaLongListStocks
Ps0FaShortListStocks
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK