In 2008, a speculative bubble in housing, mortgages and derivatives imploded with disastrous consequences. Eight years earlier, investor-fueled dot-com mania sputtered out. Now veteran market professional Jeremy Grantham, the co-founder of investment firm GMO, sees new market froth forming. Citing inflated valuations, massive price expansion and a disconnect from fundamentals, he advises that timing a market exit may not be as critical as recognizing that the fall will occur. Investors will find intelligent insights from the vantage point of experience in this illuminating report.
About the Author
Jeremy Grantham is the cofounder of GMO, LLC and the firm’s chief investment strategist.
Instant access to over 22,000 book summaries
Discover your next favorite book with getAbstract.
See prices >>
Stay up-to-date with emerging trends in less time.
Learn more >>