In this CFA Society Chicago Distinguished Speaker Series presentation, GMO’s Jeremy Grantham suggests there are many parallels between the current run-up in US stocks and past asset bubbles around the world. Among the warning signs, he points to elevated levels of margin buying and lofty housing prices. What’s an investor to do? Grantham does see pockets of relative value in European and emerging market stocks.

This is an archived version of a live broadcast that took place on 23 January 2018.