Newfoundland member Ray Bursey recently brought our attention to an interview of Jeremy Grantham. Billionaire Grantham has given away 98% of his wealth to environmental causes. Our members will find anything written by Grantham and any of his videos to be as interesting as they are useful.
In this interview, Grantham gave compelling reasons why the current market level is a bubble that will burst, like all bubbles. He has been a serious student of investment bubbles throughout history and knows more about them than just about anybody. He knows that investors will get hurt unless….well, read on.
We can reduce any risk. But we do that by increasing other risks. For instance, let us say that we are concerned about the current high market level knowing that it will reverse someday. No one knows when, but it will reverse.
Many investors have been there, done that, since the beginning of the current bull market that started in March of 2009. During that entire market journey, many “gurus” and opinion leaders spoke about imminent market reversal. Investors who listened regretted it.
Markets will fluctuate as they always have, and Monday Morning members will benefit from those fluctuations as they always have.You need to login to view the rest of the content. Please Login. Not a Member? You can now sign up for a one-month free trial membership. Join Us