Two of the world’s most respected investors, GMO’s Jeremy Grantham and Bridgewater’s Ray Dalio, offered identical warnings: The bubble in U.S. equities is unwinding, and the economy is headed for stagflation.
The two spoke in a virtual panel discussion earlier this month. They were interviewed by Jim Haskel of Bridgewater and Alex Shahidi, who is a managing partner and co-chief investment officer at Evoke Advisors, a Los Angeles-based asset manager, as part of its master speaker series.
Grantham is the co-founder and long-term investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management firm. Dalio is the co-chief investment officer of Connecticut-based Bridgewater Associates, the world’s largest hedge fund, which he founded in 1975...
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