Investment legend Jeremy Grantham, known for his prescient market calls, warns the US stock market is as expensive as it’s ever been and advises looking overseas for superior values.
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Jeremy Grantham
Jeremy Grantham is also known for his research on what he believes are the five biggest
challenges facing civilization: climate change, resource depletion, biodiversity collapse, deficiencies of capitalism, and rising toxicity. You can read his latest research report for free at “Rising Toxicity and the Threat to Capitalism and Life Itself.”
ACTION POINT
Stay largely invested in stocks—low-cost, diversified index funds in particular.
ONE INVESTMENT
GRANTHAM: FAMILY PORTFOLIO DIVERSIFICATION
- Developed country value stocks = biggest portfolio position
- Emerging country debt
- Cash
- Quality focused long/short hedge fund
- Long/short value fund
- Asset allocation fund
- Emerging market equities
