Jeremy grantham is famous for looking into the dark corners of investment. He sees things we'd rather not discuss. His pessimism has served him well. Investors hire Grantham to spot irrational exuberance and bet against it. That's why his firm, Grantham, Mayo, Van Otterloo, is entrusted to manage $100 billion. The dour Grantham makes a lot of money for his clients. He is usually right Now let's pray Grantham is wrong-very, very wrong.
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