In a quarterly letter Tuesday to institutional clients of Boston-based money manager GMO, the firmâs chief investment strategist said shareholders should take risk off the table now, rather than by October as he had advised earlier this year.
âThe environment has simply become too risky to justify prudent investors hanging around, hoping to get lucky,â Grantham said. âInvestors should take a hard-nosed value approach, which at GMO means having substantial cash reserves around a base of high-quality blue chips and emerging-market equities.â
http://www.marketwatch.com/story/sell-riskiest-investments-now-grantham-urges-2011-05-11
âThe environment has simply become too risky to justify prudent investors hanging around, hoping to get lucky,â Grantham said. âInvestors should take a hard-nosed value approach, which at GMO means having substantial cash reserves around a base of high-quality blue chips and emerging-market equities.â
http://www.marketwatch.com/story/sell-riskiest-investments-now-grantham-urges-2011-05-11