From, “Not So Fast: Coping With Slow Growth,” by Leslie P. Norton, 2/25/12, Barron’s:
As the Dow breached 13,000 last week, investors began to worry about a reversal in prices. So Barron's checked in with one of the great bubble-spotters to see if it was time to lose sleep.
It isn't, says Jeremy Grantham, the 73-year-old chief investment strategist of Boston money manager GMO, which manages $97 billion. Still, he says, the world faces myriad challenges, including the dilemma of slow growth.
Myriad: extremely great in number
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