Posted AT 6:40 AM EDT on 17/06/08
Grantham: the bear growls
Renowned value investor Jeremy Grantham knows an investment bubble when he sees one coming, and always steers well clear of the risks - sometimes at great initial cost. At the height of the Internet stock bubble in the 1990s, GMO, the Boston-based institutional money manager he founded, lost about 45 per cent of its funds under management when investors sought out firms with sexier strategies.
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