Jeremy Grantham, co-founder of Boston investment firm GMO, doesn’t expect valuations to drop back to normal levels for two decades. But he is keeping cash on hand to take advantage of any dip, which he says would need to be 15-20% to act.
GMO’s Grantham: Stocks ‘Decently Different This Time’
Source: Wall Street Journal 4/3/2017 9:23AM
