FYI: Jeremy Grantham, the 79-year-old investor known for his bearish views, is so bullish on emerging-market stocks that he’s telling his own kids to invest more than half their retirement money in the asset class.
"What I would own is as much emerging-market equity as your career or business risk can tolerate," Grantham, co-founder of GMO, the Boston-based asset-management company, told investors in a letter last month. It’s the only investment arena with a realistic shot at delivering 4.5 percent real returns annually over a decade, he said.
Regards,
Ted
https://www.fa-mag.com/news/jeremy-grantham-wants-his-kids-to-get-into-emerging-markets-37287.html?print
