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Home>A Funny Thing Happened on the Way to Equilibrium

A Funny Thing Happened on the Way to Equilibrium

Perspectives Content Submission

Mon, 29 Apr 2013

The bedrock of GMO’s investment philosophy is reversion to the mean. We believe that capitalism should cause the return on capital to be in line with the cost of capital, and that assets that embody similar risks should offer similar long-term returns. These beliefs, in turn, guide our assumptions

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