“Emerging Markets Are The Canary In The Coal Mine”: Montier
Value investor James Montier of asset management firm GMO can’t find any attractive investments these days. While there a few relatively cheap assets, nothing is cheap in absolute terms, and he is shifting his portfolio to cash and other cash-like assets in preparation for high interest rates and weak equity markets.
“When we look at the world today, what we see is a hideous opportunity set,” Montier told Mark . . .
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