Renowned investor Jeremy Grantham spotted early signs of the market corrections in Japan in 1989, the US tech wreck in 2000 and the housing collapse of 2008. Now he points out that “superbubbles” have arisen in housing, stocks, the credit market and commodities, and he lays out the case for why these could very well burst at any time, with devastating impacts. While getAbstract never offers investment advice, investors and executives will find this a rigorous examination of historical and modern-day evidence.
About the Author
Jeremy Grantham is a co-founder of GMO LLC, a member of GMO’s asset allocation team and the firm’s long-term investment strategist.