‘Perma-bear’ Grantham: “It’s time to buy”

‘Perma-bear’ Jeremy Grantham has some advice for investors, and it may not be what you might think. Bearish on U.S. stocks since the mid 1990s, the chief strategist at investment management firm GMO now says it’s time to buy.

Not all at once, mind you, as you can never plan on catching the low. But, he says, the greatest danger now may be failing to act from fear.

To those who caution waiting to buy until there are clear signs of a recovery ahead, he has some additional advice:

Sensible value-based investors will always sell too early in bubbles and buy too early in busts. But in return, you may make some important extra money on the roundtrip as well as lowering the average risk exposure.

Grantham’s full comments can be seen below:
GMO March