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Below, we consider two well-known names in modern markets, former Fed Chairman Alan Greenspan, and current value investing legend, Jeremy Grantham, co-founder of GMO Investment Strategies.
Years ago, I sat down with Jeremy Grantham in an office overlooking Boston Harbor to not only consider an investment in his fund, but to absorb the insights of a blunt-spoken observer of market risk.
Such blunt-speak, as I’ve
written elsewhere, is a rare trait among the cadres of otherwise high-profile wealth managers whose incentives and survival are often predicated more upon selling hope than speaking to risk the equivalent of being a whistleblower among a financial advisory complex driven largely by the gathering of fees rather than the reporting (and managing) of risk.
Patient Zero Of The Bubble Pandemic: Alan Greenspan zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.