![Waiting for the Last Dance](/summary-img/41455-KJOH1NEW.jpg?h=M&b=0)
Report
Waiting for the Last Dance
The Hazards of Asset Allocation in a Late-stage Major Bubble
GMO,
2021
Recommendation
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.
Summary
About the Author
Jeremy Grantham is the cofounder of GMO, LLC and the firm’s chief investment strategist.
By the same author
Report
Learners who read this summary also read
Book
Book
Book
Comment on this summary or Iniciar a Discussão