Jeremy Grantham, chairman of Boston-based money manager GMO LLC, talked about corporate retirement plans. Grantham' advice for corporate executives now with regard to their retirement plans is to recognize that there are bargains now, that markets have overreacted. Catching a falling knife is never without pain, but the prime directive is to buy cheap assets. He added that US pension funds are crying in their soup now, but they can at least find some solace in the fact that, for the first time in 20 years, they're looking at all global equities being modestly cheap.
Getting bullish, but no need to rush things Douglas Appell Workforce Management; Nov 2008; Docstoc pg. 3 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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