We have to put money somewhere. In our ‘everything bubble,’ the question is which holdings have the best prospects for preserving principal and liquidity such that we will be able to buy when others are forced to sell. Between here and there, everything else is noise.
Investor and GMO co-founder Jeremy Grantham spoke with CNBC’s Wilfred Frost about gold, why he says there is a U.S. equity bubble and his take on meme stocks. Here is a direct video link. The full interview is only available to pro-subscribers through CNBC.
Here is GMO’s latest 7-year annual real return forecast for global assets from valuation levels at the end of September 2021.
;
