Steve Henningsen

Lifetime student, traveler, scuba enthusiast, fiduciary and skeptic.

[Steve Henningsen @Stevephenni]

@WomanDefiner When too much oil comes out. 😒

All energy platforms have risks. Nothing funny about it.

[Steve Henningsen @Stevephenni]

First the World Cup loss and now this. 😒

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Japanese Yen collapses to its weakest level versus the US Dollar since 1986.

[Steve Henningsen @Stevephenni]

It’s going to be a long summer. 🫤

[COJeepingGal @LisaintheMtns]

Pray for Colorado, we are burning down all over the place. 🙏

[Steve Henningsen @Stevephenni]

“WNBA is coddling and using soft gloves on Caitlin Clark”… are you f@cking kidding me? Has this guy never seen a game where she’s getting bashed around like a piñata? 🤯

Yes Caitlin, please leave the league with Sophie as I would love to see it implode.
Ht @ttmygh

[OutKick @Outkick]

"The WNBA, at this junction in time, would be better off without Caitlin Clark because she is a bigger distraction than she is an additive"

What world are we living in

[Trung Phan @TrungTPhan]

> Japan lost
> Germany lost
> Italy didn't show up
> Europe doesn’t have Air Conditioning

Welcome to 1945.

[Steve Henningsen @Stevephenni]

Pretty much tells you all you need to know. 😏

[The Leagues @TheseLeagues]

Caitlin Clark and Sophie Cunningham have the top two selling WNBA jerseys.

The two make up 71% of the WNBA’s jersey sales.

[Lawrence McDonald @Convertbond]

People talk about rate hikes as if we are back in the 90s, few even look at the real of the math - thank you Lukas.

[Steve Henningsen @Stevephenni]

Almost…

[Steve Henningsen @Stevephenni]

Japan up 1 to 0 against Brazil at halftime…

[Steve Henningsen @Stevephenni]

@TheGoldAdvisor are you going to Rick‘s conference next week?

[Steve Henningsen @Stevephenni]

@TheGoldAdvisor About the same amount of hair. 😉😝

[Steve Henningsen @Stevephenni]

Is there a Polymarket bet that war with Iran is back on Thursday at 4 PM Eastern time. 😒

[Steve Henningsen @Stevephenni]

Japan up 1 to 0 against Brazil at halftime…

[Steve Henningsen @Stevephenni]

Never understood why these people get a pension for what should be a short-term, temporary job. 😒

[Sarah @sarahtexe]

BREAKING: RON DESANTIS

WANTS TO END PENSIONS FOR CONGRESS.

FINALLY, SOMEONE SAID IT. THESE POLITICIANS DON'T DESERVE LIFETIME PAY FOR WRECKING OUR COUNTRY.

I'M ALL FOR IT!

[Steve Henningsen @Stevephenni]

@TheBondFreak Meanwhile, Boston to New York….

[Steve Henningsen @Stevephenni]

👌

[Steve Henningsen @Stevephenni]

@ErikSTownsend

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

You guys. Do yourselves a favor and listen to alternative views. So what, someone doesn't agree with you, listen up to their argument. That will either lead you to solidify your thesis or question it.

[Steve Henningsen @Stevephenni]

@jeftovic @Frank_Giustra @OHare888 @GMOInsights If you listen to an interview of him, the books title is poking fun at himself. I’ve followed him for 30 years and he’s not a “ Permabear”

Anyway, believe what you want

[Steve Henningsen @Stevephenni]

@jeftovic https://t.co/a6csBFrpNm

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

For those out here shit posting Jeremy and his firm @GMOInsights you should do some “dude diligence” before dick riding the feeble minded ass clown Joe Kernen…

Grantham and his firm built their reputation predicting major bubbles and positioning defensively. They avoided the Japanese equities/real estate bubble in the late 1980s.
Reduced tech exposure before the dot-com bust, predicted a sharp decline in the NASDAQ which fell ~78-82%. Warned on the U.S. housing/subprime bubble pre-2008. These calls helped GMO strategies limit drawdowns, some funds fell far less than the S&P 500 in 2008. Long term, his philosophy has delivered for patient investors by sidestepping major crashes, though his timing is imperfect and he acknowledges bubbles can persist.
Historically they have beaten the MSCI World by ~1.5% annualized over long periods, 17+ years in older reports, with lower volatility ~12% vs ~15% for the index. As of early 2026 their 10-year annualized ~14.65% (net) vs. S&P 500 ~14.16% and MSCI World ~11.80% since inception, competitive or slightly behind S&P but ahead of global benchmarks in many windows, given how “bearish” everyone is saying he has been that’s damn good, ALPHA. Grantham/GMO excel at long-term, disciplined mean-reversion and quality investing with superior downside protection and alpha in non U.S. or value friendly environments.
It demands patience (can lag for years) and suits those prioritizing capital preservation over chasing momentum.
Past performance isn't indicative of future results, as you’re well aware, their recent letters highlight U.S. valuations as extremely stretched. We’ll see how this plays out over the next several years, but refer back to my original post, the last couple sentences here👇