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Case Cover PageTitle of Case: GMO: The Value Versus Growth DilemmaSubmission date: CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this report and that anyassistance I received in its preparation is fully acknowledged and disclosed in the paper. I havealso cited any sources from which I used data, ideas or words; either quoted directly orparaphrased I also certify that this paper was prepared by me (my team) specifically for thiscourse.Team memberLast name, First name/ ID/ SignTeam member 1Team member 2Team member 3Team member 4Team member 5Table of Contents1.Cover page1
2.Value investing and Growth investing33.GMO’s main argument of value investing34.Real risk adjusted long-term expected return calculation for CVS, R.R Donnelley, and Manor Care45.GMO’s investment strategy for Cisco with a change in 1999 P/E ratio5-66.GMO’s investment strategy for CIsco with a change in 2009 P/E ratio6-77.Reference Page8
(1) What is value investing and growth investing? What are the differences and relative merits?