Close Close

Life Health > Life Insurance

This fund tracks 36 bubbles, and 33 have popped—what's left?

Your article was successfully shared with the contacts you provided.

Jeremy Grantham is chief investment strategist of Grantham Mayo van Otterloo, a firm that tracks bubbles. Not the soapy kind, but when the price of an asset in relation to its real value has exceeded its average by a certain amount. Of the 36 bubbles that the firm tracks, 33 have popped. That is a remarkable track record, which should provide Grantham credence when he criticizes central banks for how they deal with bubbles.