11th Lynford Lecture: Economic Meltdown
11th Annual Lynford Lecture: Grantham reveals financial meltdown causes, future investment focus
Conventional wisdom would have you think that the U.S. was blindsided by the housing crash that precipitated the dramatically sharp economic downturn of recent months.
Jeremy Grantham, chairman and co-founder of the investment management firm GMO, which manages $150 billion in assets, would have you think otherwise. “This is the most widely predicted surprise in finance,” said Mr. Grantham on December 2 as he delivered the 11th Annual Lynford Lecture at Polytechnic Institute of NYU. “Almost everyone we deal with saw this coming.”
