I follow Jeremy Grantham because I think his valuation of asset classes is amongst the most accurate. For someone who can forecast asset classes order of returns 10 years ago to what they are now [See this report page 2 and 3 >>] they have to be really really good.
For folks who would like to know his prediction on the average returns of asset classes here it is
Grantham’s latest report is bearish. But it is based on their studies of 10 great bubbles and the trend these bubbles take before the next recovery.
Typically they went through a long long period of normalization at overly low price.
Question to investors is: how would you be living in that scenario? unemployed? war thorn? how would you feel if your Starhub price remains at $1.30 for 10 years?
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