- Jeremy Grantham’s GMO remains bearish even as some deterioration occurs in the market.
- Ben Inker, GMO’s asset allocation head and Grantham’s right-hand man, told us one area with upside.
- He also lays out a tailor-made opportunity for the current surging energy-price environment.
Back in January, Jeremy Grantham, the legendary investor and co-founder of the $70 billion asset manager Grantham, Mayo, and Otterloo, said SPACs should be illegal.
He viewed the frenzy forming around special-purpose acquisition companies (SPACS) as a classic bubble, which was also symptomatic of a wider market bubble.
Grantham ended up being right about SPACs.