附录 · 原始资料与证据
完整来源与证据等级
本页列出研究版书稿使用的全部来源登记。它是资料索引，不是第三方全文转载。等级即署名门：A1 为本人独著，A2 为本人口述转录，B1 为以他为主、含第三方整理的文本，C 为团队署名或篇内混写——C 级只作背景登记，绝不作为他本人的话引用。
全库共 109 件语料，均带可回源链接。
| 年份 | 语料路径 | 材料 | 等级 | 状态 |
|---|---|---|---|---|
| 2000 | essays/jg-jg-irrational-exuberance-in-the-u-s--equity-market-4-2000.txt |
First Quarter 2000 Quantitative Review | A1 | 链接已核验 |
| 2000 | letters/jg-jgletter-1q00.txt |
First Quarter 2000 Quantitative Review | A1 | 链接已核验 |
| 2002 | letters/jg-jg-letter-3q02.txt |
The Bubble Deflates – Part 7: The Easy Part Ends | A1 | 链接已核验 |
| 2003 | letters/jg-jg-letter-3q03-final.txt |
The Greatest Sucker Rally in History? | A1 | 链接已核验 |
| 2003 | letters/jg-jg-letter-4q03-all.txt |
Skating on Thin Ice | A1 | 链接已核验 |
| 2004 | letters/jg-jg-1q-04-letter.txt |
“Lord Make Me Prudent, But Not Yet.” | A1 | 链接已核验 |
| 2004 | letters/jg-jg-3q-04letter.txt |
The Countdown Continues | A1 | 链接已核验 |
| 2004 | letters/jg-jg-letter-all-4q04.txt |
Apocalypse Not Now: Inevitable Pain Postponed | A1 | 链接已核验 |
| 2005 | letters/jg-jgletter-1q05-all.txt |
The Canary in the Coal Mine* | A1 | 链接已核验 |
| 2005 | letters/jg-jgletter-3q05-all.txt |
The Day of Reckoning or | A1 | 链接已核验 |
| 2007 | essays/jg-jg-its-everywhere-in-everything-4-07.txt |
It’s Everywhere, In Everything: The First Truly Global Bubble | A1 | 链接已核验 |
| 2008 | letters/jg-jgletter-3q08.txt |
Reaping the Whirlwind1 | A1 | 链接已核验 |
| 2008 | letters/jg-jgletter-4q08.txt |
Obama and the Teflon Men, and Other Short Stories. Part 1. | A1 | 链接已核验 |
| 2008 | letters/jg-jgletter-all-2q08.txt |
Meltdown! The Global Competence Crisis | A1 | 链接已核验 |
| 2008 | letters/jg-jgletter-all-3q08.txt |
Reaping the Whirlwind1 | A1 | 链接已核验 |
| 2008 | letters/jg-jgletter-all-4q08.txt |
Obama and the Teflon Men, and Other Short Stories. Part 1. | A1 | 链接已核验 |
| 2009 | essays/jg-jg-reinvesting-when-terrified-3-09.txt |
Reinvesting When Terrified | A1 | 链接已核验 |
| 2009 | essays/jg-jg-reinvestingwhenterrified.txt |
Reinvesting When Terrified | A1 | 链接已核验 |
| 2009 | essays/jg-reinvesting-when-terrified-3-09.txt |
REINVESTING | A1 | 链接已核验 |
| 2009 | letters/jg-jgletter-1q09.txt |
The Last Hurrah and Seven Lean Years | A1 | 链接已核验 |
| 2009 | letters/jg-jgletter-all-2q09.txt |
Boring Fair Price! | A1 | 链接已核验 |
| 2009 | letters/jg-jgletter-all-3q09.txt |
Just Deserts and Markets Being Silly Again | A1 | 链接已核验 |
| 2009 | letters/jg-jgletter-all-4q09.txt |
Stop the Presses! (January 21, 2010) | A1 | 链接已核验 |
| 2010 | essays/jg-jeremygrantham-summeressays-2q2010.txt |
Summer Essays | A1 | 链接已核验 |
| 2010 | interviews/jg-2010-11-17-cnbc-full-interview.txt |
Full transcript: Jeremy Grantham interview | A2 | 链接已核验 |
| 2010 | letters/jg-jgletter-all-1q10.txt |
Playing with Fire (A Possible Race to the Old Highs) | A1 | 链接已核验 |
| 2010 | letters/jg-jgletter-nightoflivingfed-3q10.txt |
NIGHT OF THE LIVING FED | A1 | 链接已核验 |
| 2010 | letters/jg-jgletter-pavlovsbulls-4q10.txt |
Pavlov’s Bulls | A1 | 链接已核验 |
| 2010 | letters/jg-jgletter-summeressays-2q10.txt |
Summer Essays | A1 | 链接已核验 |
| 2011 | letters/jg-gmo-jgletter-timetowakeup-1q11.txt |
Time to Wake Up: Days of Abundant Resources and | A1 | 链接已核验 |
| 2011 | letters/jg-jgletter-longestletterever-4q11.txt |
The Longest Quarterly Letter Ever | A1 | 链接已核验 |
| 2011 | letters/jg-jgletter-pt2-dangerchildrenatplay-2q11.txt |
Danger: Children at Play | A1 | 链接已核验 |
| 2011 | letters/jg-jgletter-resourcelimitations2-2q11.txt |
Resource Limitations 2 | A1 | 链接已核验 |
| 2011 | letters/jg-jgletter-shortestletterever-3q11.txt |
The Shortest Quarterly Letter Ever | A1 | 链接已核验 |
| 2011 | letters/jg-jgletterall-1q11.txt |
Time to Wake Up: Days of Abundant Resources and | A1 | 链接已核验 |
| 2011 | letters/jg-jgletterpart2-1q11.txt |
Time To Be Serious (and probably too early) Once Again | A1 | 链接已核验 |
| 2012 | essays/jg-my-sisters-pension-jeremy-grantham-apr2012.txt |
My Sister’s Pension Assets and Agency Problems | A1 | 链接已核验 |
| 2012 | letters/jg-gmo-qtlyletter-4q2012.txt |
Investing in a Low-Growth World | A1 | 链接已核验 |
| 2012 | letters/jg-gmoq2letter.txt |
Welcome to Dystopia! | A1 | 链接已核验 |
| 2012 | letters/jg-jg-letterall-11-12.txt |
On the Road to Zero Growth | A1 | 链接已核验 |
| 2012 | letters/jg-jgletter-all-4-12.txt |
My Sister’s Pension Assets and Agency Problems | A1 | 链接已核验 |
| 2013 | essays/jg-the-race-of-our-lives-jeremy-grantham-2013.txt |
The Race of Our Lives | A1 | 链接已核验 |
| 2013 | letters/jg-gmo-qtlyletter-1q2013.txt |
The Race of Our Lives | A1 | 链接已核验 |
| 2013 | letters/jg-gmo-qtlyletter-all-2q2013.txt |
Having some considerable trouble (once again) nailing down the topic I’ve been working on for this quarter’s letter, | A1 | 链接已核验 |
| 2013 | letters/jg-gmo-qtlyletter-all-3q2013.txt |
Breaking News! U.S. Equity Market Overvalued! | A1 | 链接已核验 |
| 2013 | letters/jg-gmo-qtlyletter-all-4q2013.txt |
Year-End Odds and Ends | A1 | 链接已核验 |
| 2014 | letters/jg-bi-isthispurgatoryorhell-qtlyletter-3q2014.txt |
Third Quarter 2014 | C | 链接已核验 |
| 2014 | letters/jg-gmo-qtlyletter-1q14-fullversion.txt |
First Quarter 2014 | A1 | 链接已核验 |
| 2014 | letters/jg-gmo-qtlyletter-2q14.txt |
Second Quarter 2014 | A1 | 链接已核验 |
| 2014 | letters/jg-gmo-qtlyletter-3q14-full.txt |
Third Quarter 2014 | A1 | 链接已核验 |
| 2014 | letters/jg-gmo-quarterly-letter-4q14.txt |
Ditch the Good, Buy the Bad and the Ugly | A1 | 链接已核验 |
| 2015 | letters/jg-gmo-quarterly-letter.txt |
Just How Bad Is Emerging, and How Good Is | A1 | 链接已核验 |
| 2015 | letters/jg-quarterly-letter-complete-1q15.txt |
Breaking Out of Bondage | A1 | 链接已核验 |
| 2016 | letters/jg-2016-1q-keeping-the-faith.txt |
1Q 2016 GMO Quarterly Letter — Keeping the Faith / Always Cry Over Spilt Milk | A1 | 链接已核验 |
| 2016 | letters/jg-2016-3q-not-with-a-bang-but-a-whimper.txt |
3Q 2016 GMO Quarterly Letter — Not With a Bang But a Whimper (and other stuff) | A1 | 链接已核验 |
| 2016 | white-papers/jg-lw-jg-resources-9-16.txt |
GMO White Paper | A1 | 链接已核验 |
| 2017 | essays/jg-jg-viewpoints-us-market-will-revert-6-17.txt |
I Do Indeed Believe the US Market Will Revert | A1 | 链接已核验 |
| 2017 | letters/jg-gmo-quarterly-letter-2q17.txt |
Emerging Value and Margin of Superiority | A1 | 链接已核验 |
| 2017 | letters/jg-gmo-quarterly-letter-3q17.txt |
What Happened to Inflation? | A1 | 链接已核验 |
| 2017 | letters/jg-gmo-quarterly-letter-4q17.txt |
Don’t Act Like Stalin! | C | 链接已核验 |
| 2017 | white-papers/jg-lw-jg-climate-change-opportunities-8-17.txt |
GMO White Paper | A1 | 链接已核验 |
| 2018 | essays/jg-the-race-of-our-lives-revisited.txt |
GMO White Paper | A1 | 链接已核验 |
| 2018 | essays/jg-viewpoints---bracing-yourself-for-a-possible-near-term-melt-up.txt |
Bracing Yourself for a Possible Near-Term Melt-Up | A1 | 链接已核验 |
| 2018 | letters/jg-gmo-quarterly-letter-1q18.txt |
IS INVESTING STARTING TO GET | C | 链接已核验 |
| 2018 | letters/jg-gmo-quarterly-letter-2q18.txt |
Emerging Markets—No Reward Without Risk | C | 链接已核验 |
| 2018 | letters/jg-gmo-quarterly-letter-4q18.txt |
AND THE WINNER | C | 链接已核验 |
| 2018 | white-papers/jg-jg-morningstar-race-of-our-lives-8-18---short-version.txt |
GMO White Paper | A1 | 链接已核验 |
| 2019 | letters/jg-gmo-quarterly-letter-1q19.txt |
STOP WORRYING ABOUT YOUR PORTFOLIO | C | 链接已核验 |
| 2019 | letters/jg-gmo-quarterly-letter-2q19.txt |
BIGGER’S BEEN BETTER | C | 链接已核验 |
| 2019 | letters/jg-gmo-quarterly-letter-3q19.txt |
SHADES OF 2000 | C | 链接已核验 |
| 2019 | white-papers/jg-lw-and-jg-thinking-outside-the-box-4-19-strategy.txt |
THINKING OUTSIDE THE BOX | A1 | 链接已核验 |
| 2020 | essays/jg-jg-chemical-toxicity-and-the-baby-bust-2-20.txt |
CHEMICAL TOXICITY AND THE BABY BUST | A1 | 链接已核验 |
| 2020 | letters/jg-gmo-quarterly-letter-1q20.txt |
UNCERTAINTY HAS | A1 | 链接已核验 |
| 2020 | letters/jg-gmo-quarterly-letter-2q-2020.txt |
GOVERNMENT US SO MUCH | C | 链接已核验 |
| 2020 | letters/jg-gmo-quarterly-letter-3q-2020.txt |
VALUE: IF NOT NOW, WHEN? | C | 链接已核验 |
| 2020 | white-papers/jg-lw-and-jg-the-tactical-case-4-30-20.txt |
AN INVESTMENT ONLY A MOTHER COULD LOVE | A1 | 链接已核验 |
| 2021 | essays/jg-2021-01-05-waiting-for-the-last-dance-pdf.txt |
Waiting for the Last Dance — The Hazards of Asset Allocation in a Late-stage Major Bubble | A1 | 链接已核验 |
| 2021 | essays/jg-2021-01-waiting-for-the-last-dance-html.txt |
Waiting for the Last Dance — gmo.com article page (pre-gating capture) | A1 | 链接已核验 |
| 2021 | essays/jg-2021-09-waiting-for-the-last-dance-revised.txt |
Waiting for the Last Dance — revised edition (September 2021) | A1 | 链接已核验 |
| 2021 | letters/jg-gmo-quarterly-letter-1q-2021.txt |
SPECULATION AND INVESTMENT | C | 链接已核验 |
| 2021 | letters/jg-gmo-quarterly-letter-2q-2021.txt |
DISPELLING MYTHS IN THE VALUE VS. | C | 链接已核验 |
| 2021 | letters/jg-gmo-quarterly-letter-3q-2021.txt |
Introduction to the 3Q 2021 Quarterly Letter | C | 链接已核验 |
| 2021 | letters/jg-gmo-quarterly-letter-4q-2021.txt |
INVESTMENT MISTAKES TO AVOID | C | 链接已核验 |
| 2022 | essays/jg-2022-01-20-let-the-wild-rumpus-begin.txt |
Let the Wild Rumpus Begin | A1 | 链接已核验 |
| 2022 | essays/jg-2022-04-putins-invasion-finite-world.txt |
Putin’s Invasion Reminds Us That We Live in a Finite World | A1 | 链接已核验 |
| 2022 | essays/jg-gmo-entering-the-superbubbles-final-act-8-22.txt |
ENTERING THE SUPERBUBBLE’S | A1 | 链接已核验 |
| 2022 | essays/jg-gmo-making-money-and-reducing-risk-in-an-equity-superbubble-2-22.txt |
MAKING MONEY AND REDUCING RISK IN AN | C | 链接已核验 |
| 2022 | essays/jg-gmo-market-reversal-or-bear-rally---jg-views-on-the-superbubble-9-9-22.txt |
MARKET REVERSAL OR BEAR RALLY? | B1 | 链接已核验 |
| 2022 | letters/jg-gmo-quarterly-letter-1q-2022.txt |
WHO NEEDS TIPS WHEN YOU’VE GOT | C | 链接已核验 |
| 2022 | letters/jg-gmo-quarterly-letter-2q-2022.txt |
THE DOLLAR | C | 链接已核验 |
| 2022 | letters/jg-gmo-quarterly-letter-3q-2022.txt |
THE VALUE EXECUTIVE SUMMARY | C | 链接已核验 |
| 2022 | letters/jg-gmo-quarterly-letter-4q-2022.txt |
A Bad Year in Markets Brings | C | 链接已核验 |
| 2022 | speeches/jg-2022-06-15-update-bursting-bubble-growth-stocks.txt |
Update on the Bursting Bubble in Growth Stocks (event remarks) | B1 | 链接已核验 |
| 2023 | letters/jg-gmo-quarterly-letter-1q-2023.txt |
THE QUALITY SPECTRUM | C | 链接已核验 |
| 2023 | letters/jg-gmo-quarterly-letter-3q-2023.txt |
BEYOND THE LANDING | C | 链接已核验 |
| 2023 | letters/jg-gmo-quarterly-letter-4q-2023-etf.txt |
THE QUALITY ANOMALY EXECUTIVE SUMMARY | C | 链接已核验 |
| 2023 | letters/jg-gmo-quarterly-letter-4q-2023.txt |
THE QUALITY ANOMALY EXECUTIVE SUMMARY | C | 链接已核验 |
| 2024 | essays/jg-2024-03-sustainability-or-bust.txt |
Sustainability or Bust | A1 | 链接已核验 |
| 2024 | essays/jg-2024-03-the-great-paradox-of-the-us-market.txt |
The Great Paradox of the U.S. Market | A1 | 链接已核验 |
| 2024 | interviews/jg-excess-returns-bubbles-ai-mean-reversion.txt |
Excess Returns podcast — Jeremy Grantham on bubbles, AI and mean reversion (full transcript) | A2 | 链接已核验 |
| 2024 | letters/jg-gmo-quarterly-letter-1q-2024.txt |
MAGNIFICENTLY | C | 链接已核验 |
| 2024 | letters/jg-gmo-quarterly-letter-2q-2024.txt |
FAQ: PASSIVE INVESTING | C | 链接已核验 |
| 2024 | letters/jg-gmo-quarterly-letter-4q-2024.txt |
BARGAIN, VALUE TRAP OR | C | 链接已核验 |
| 2025 | essays/jg-gmo-rising-toxicity-and-the-threat-to-capitalism-and-life-itself-3-25.txt |
RISING TOXICITY AND THE AND LIFE ITSELF | A1 | 链接已核验 |
| 2025 | letters/jg-gmo-quarterly-letter---part-1-1q-2025.txt |
TRADE | C | 链接已核验 |
| 2025 | letters/jg-gmo-quarterly-letter---part-2-1q-2025.txt |
TARIFFS EXECUTIVE SUMMARY | C | 链接已核验 |
| 2025 | letters/jg-gmo-quarterly-letter-3q-2025.txt |
AMERICAN EXECUTIVE SUMMARY | C | 链接已核验 |
| 2025 | letters/jg-gmo-quarterly-letter-4q-2025.txt |
IT’S PROBABLY A BUBBLE, ELSE TO INVEST IN | C | 链接已核验 |
| 2026 | letters/jg-gmo-quarterly-letter-2q-2026.txt |
WHAT BARBARIANS LIKE TO TAKE PRIVATE | C | 链接已核验 |
证据等级与归档状态会随新原件更新；正文中的每一处判断都应回到本表所列原件核对。
本站正文为基于公开材料的独立编辑与研究归纳，不替代原始资料，也不构成投资建议。