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Why Jeremy Grantham is wrong about a share market bubble – The Motley Fool Australia
If you keep saying stocks will crash every year, then some years you’ll be right. But that doesn’t make you a genius.
Legendary investor Jeremy Grantham is warning anyone who’ll listen that share markets have formed a big bubble about to burst.
The co-founder of GMO said it in January, then reiterated it again this week at an Australian investor conference.
“The Nasdaq Composite (INDEXNASDAQ: .IXIC) peaked quite a long time ago,” he said this week.
“Maybe in a few months the termites might get to the rest of the market.”
According to Grantham at the start of the year, the market was characterised by “extreme overvaluation,…
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