GMO’s Ben Inker recently sat down for an interview with Morningstar to discuss the outlook for US market. The Jeremy Grantham employee says high-quality stocks are the only US-equity assets currently priced to deliver good real returns:
“We think that high-quality stocks are the only things worth owning in the U.S. equity space. They are probably not cheap in absolute terms anymore, but they are priced to deliver a decent real return, and the rest of U.S. equities doesn’t look priced to deliver much of a return.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.