Jeremy Grantham is not Impressed with Alan Greenspan or Ben Bernanke

By on January 26, 2009

Jeremy Grantham recently told Forbes.com that he is not impressed by the brainpower of individuals employed in the financial industry. He was particularly critical of Ben Bernanke and Alan Greenspan. In the video below Mr. Grantham expresses his views that high quality stocks such as Procter and Gamble and Johnson & Johnson will likely provide superior returns in the current market environment.

Grantham was also quoted recently as saying the market could drop another 25% to 30% before bottoming, but after that it could double, triple or quadruple off the bottom.

Sources:

http://www.forbes.com/2009/01/23/intelligent-investing-grantham-bull-stocks-Jan23.html

http://www.suntimes.com/business/roeder/1395563,CST-FIN-curious25.article

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