(The Telegraph) “It is going to be very difficult to come out of this pandemic unscathed. We have a pretty strong view that with so much extreme uncertainty, equities should be cheap. Quite simply they are not”
“We think the long-term return on US equities is going to be negative and prices will have to drop even below the March lows to be attractive”
The firm was founded by Jeremy Grantham, a Brit, best known for starting one of the first index funds back in 1970. He is also famous for predicting both the dot-com bubble and the Lehman collapse.
Read more at –> The Telegraph
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