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NOTHING IS PERMANENT EXCEPT CHANGE

The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will end

  • Jeremy Grantham, the cofounder and chief investment strategist at the $71 billion Grantham, Mayo, & van Otterloo, has become a world-renowned market voice by calling the past two major financial bubbles.
  • He was growing ever-convinced of a severe bubble burst earlier this year, until President Donald Trump's global trade-war escalation injected skepticism into the market, nipping a mounting crash in the bud.
  • Grantham has now adjusted his market outlook to something far less immediately severe than a bubble-driven crash — but argues considerable pain could still be in store for investors.

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