Jeremy Grantham, Co-founder and Chief Investment Strategist of Grantham Mayo Van Otterloo was a guest on Charlie Rose last night, talking about challenges facing the planet and the global economy and why he disagrees with expectations for a return to robust growth in America. He also admits the insistence of the investment world to only spread good news and why asset bubbles are a recurring feature of publicly traded markets. He also explains why buying overpriced stocks is a risk to capital not worth taking. Here is a direct link.
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