Jeremy Grantham: “Many shares priced for… economic collapse”

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Super-bear Jeremy Grantham had something positive to say for once. Well actually it’s only a friend of Jeremy Grantham, oh well. But it IS positive — sort of.

“The good news, provided you are by now heavily liquid, is that there are many shares priced for a degree of economic collapse that even I do not expect.”
Jeremy Grantham, WSJ: What to Do in a Stock Selloff, 11 Jul 2008

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