GMO
Coverage of GMO in the Nexus archive.
- Ray Dalio on the AI bubble nearing 1929, 2000 levels and the lesson people always forget: ‘wealth is not the same as money’
Ray Dalio warned that AI enthusiasm has pushed markets into bubble territory comparable to 1929 and 2000, citing surging stock issuance and speculative valuations. He agreed with Jeremy Grantham’s assessment of a historic investment bubble, noting AI has deferred but not resolved underlying overvaluation.
- Michael Burry's grim warnings are a 'godsend,' star tech investor says
Tech investor Gavin Baker praised Michael Burry's Substack for its bearish critiques of AI spending by Big Tech. Baker, managing partner at Atreides Management, acknowledged Burry's skepticism about AI-driven capital expenditures but argued the market is not currently in a bubble. He cited historical tech bubbles and constraints like energy and microchip production as factors preventing an AI bubble.
- Jeremy Grantham warned the AI boom has pushed U.S. stocks to a historic valuation peak
Jeremy Grantham warned that the AI boom has driven U.S. stocks to a historic valuation peak, citing a market-cap-to-GDP ratio of 235% and highlighting SpaceX's IPO as a potential sign of a market top.
- Jeremy Grantham Points to a Watershed Moment for Big Tech
Jeremy Grantham, a GMO LLC co-founder and chief investment strategist, discussed a significant turning point for Big Tech during a Bloomberg Wealth interview with David Rubenstein. The conversation took place in Boston, Massachusetts, US.
- Jeremy Grantham on How to Tell If a Bubble Is About to Burst
Jeremy Grantham, co-founder and chief investment strategist of GMO LLC, discussed identifying market bubbles during an interview on Bloomberg Wealth with David Rubenstein. He is known for establishing one of the world's first index funds in the early 1970s and was recognized in Bloomberg Markets' 2011 Most Influential ranking.
- Odd Lots: Jeremy Grantham on Spotting a Bubble’s End (Podcast)
Jeremy Grantham, co-founder and long-term strategist of GMO, discusses identifying the end of market bubbles in a podcast, referencing his memoir and the dot-com bubble. The article notes current market signs of frothiness similar to AI's present excitement.
- Claude Code GitHub Action Flaw Let One Malicious Issue Hijack Repositories
A security researcher discovered a flaw in Anthropic's Claude Code GitHub Action that allowed attackers to hijack vulnerable public repositories by opening a single GitHub issue. The vulnerability could have enabled malicious code to be pushed into Anthropic's own action repository and downstream projects.
- Battles to shrink the Federal Reserve's balance sheet begin
The Federal Reserve's new chief Kevin Warsh plans to shrink the central bank's multitrillion-dollar bond portfolio, which has grown significantly since the 2008 financial crisis. This move may face challenges and could lead to increased mortgage rates and borrowing costs. The Fed's assets have ballooned to nearly $9 trillion at its peak in 2022.