A Tip From a Great Investor
Six of the world's great investors shared their outlooks and investment strategies with Kiplinger's Personal Finance for the November issue.
Six of the world's great investors shared their outlooks and investment strategies with Kiplinger's Personal Finance for the November issue. Jeremy Grantham, chief investment strategist at Grantham, Mayo, Van Otterloo had this to say:
The recent rally has been very speculative, favoring risky assets overthe past few months. I'm sorry if you missed investing at the market'sMarch lows, but don't compound the damage to your portfolio by chasinggains in risky assets. We're at the beginning of a seven-year period oflean returns. You should only be buying the highest-quality blue-chip companies, where valuations are most attractive.
See 5 Blue Chips to Hold if the Rally Fizzles for our picks of safe stocks. And see Learn From the World's Great Investors for advice from five other luminaries.
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