Legendary investor Jeremy Grantham called the pandemic crash — but says he traded it so poorly he 'might as well have done nothing'
Mihaela Păun
Legendary investor Jeremy Grantham raised the alarm on an AI bubble, revealed a pandemic bet that didn't pay off, and recommended young people steer clear of Wall Street in a memoir published last month. The GMO cofounder wrote in "The Making of a Permabear: The Perils of Long-term Investing in a Short-term World," which he coauthored, that ChatGPT's release in late 2022 shored up a crumbling stock market and created a "bubble within a bubble." There's "no clear historical analogy to this
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