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invest and prepare for the next market crash let's get started opportunity and low growth stocks according to grantham low growth equities and value stocks offer the best investment opportunities in the current market that's what you typically refer to them as v-technology v-a-i the so-called 10 times equities are expensive but have significant growth he believes that stable low growth stocks are the ones that present better bargains grantham said i suspect selling everything would work out just fine however having said that there are major discrepancies as there were in 2000s between the u.s tech which is overpriced and everything else so low growth stocks value are about as cheap relative to the high growth stocks as they ever get so they will not have the same pain but if they are still at risk to some degree i suspect what he's saying is when the crash comes the ones that are going to get whipped out the most will be the high growth stocks the so called ten times ones that have just shot up and price the likes of tesla neo zomidika and etc because these are the ones that sell at high prices compared to what they bring in terms of profit when consumer and investor confidence decreases these stocks have had these stocks that have gone up so high have the most lose so value stocks that's where grantham sees opportunities in today's market opportunity in emerging markets grantham also sees an opportunity in emerging markets the good news he claimed is that other countries have not had the same protracted bull market and excessive pricing that we have which is obviously a heaven devoid of opportunities because when you enter the emerging markets you will find that they are not at all expensive in fact as compared to the sp they are about as inexpensive as they have ever been they have been this inexpensive two or three times and each time it had been a great success therefore you can invest in emerging markets and consider the low growth equities found there which is the junction of two concepts moreover they are affordably priced there should be a rare opportunity for you to earn a respectable 2 to 10 year return so it's intriguing that grantham observe low long-term returns in more developed markets particularly the usa however he believes that the emerging markets have the most promise for those who are unaware examples of developing markets include mexico russia pakistan saudi arabia china and brazil these are considered to be emerging economies they're not yet fully developed but they are in the business development and growth stage mature markets overvalued the interesting thing about these markets is that despite their robust growth investors frequently avoid them everyone wants to invest in places like the usa canada or the uk because they are well established but the problem with that is that it drives up prices to exorbitant levels according to the grantham's analysis of the u.s market investing in u.s growth equities won't earn you a respectable return over a decade or two there is an unspoken rule in the market that the higher you bid up an assets price the smaller your long-term return will be let's imagine you pay 100 for a share of stock and we'll say that share of stock pays a five dollar dividend annually that clearly represents a return of five percent suppose you paid two hundred dollars for the exact identical shares at this point now the annual return is merely 2.5 every season investors are aware that their return is lower because they paid a higher price and this is one of the reasons that those rising markets provide so many opportunities due to the low number of investors looking there consequently and sufficient stock demand leads to low stock prices and higher potential returns opportunity in green sector the green sector is another area of this market where grantham sees opportunities he is saying that the contemporary economy is controlled by fuel gas smoke and dirty energy but that will change in 10 15 or 20 years because the world needs to become more sustainable there is a lot of promise in owning the stocks that will contribute to this transition now these stocks that rely on unsustainable energy and are trapped in the past are unlikely to do as well grantham's thoughts on gold he has previously purchased gold and doesn't mind using it as a hedge and investment he claimed that gold has through the unusual 12 000 year test which it has passed fairly successfully and that gold also possesses some backup capabilities because it doesn't tarnish it is special in that everything that has ever been made of gold is still in existence it has two major advantages over bitcoin while not paying a dividend which incidentally grantham is not at all fun of since its technologically provides so much more value than conventional money its market capitalization is currently substantially lower than that of gold therefore one can allocate a tiny percentage of their portfolio to bitcoin grantham who strongly favors gold obviously disagrees the fed is running things for investors the one thing that we definitely do agree on is our dislike towards the fed and its market manipulation grantham said by pushing up assets prices you do two things you make it difficult to impossible for people to get into the game the purchase of a house is too expensive the purchase of anything in stocks is much higher per dividend or units than what it was so that's brutal secondly the compounding of wealth is reduced if you have a six percent yield on your assets by reinvesting that you can double your money in 12 years if you turn it into the three percent yield by doubling your price you're worth more on paper but in real life you can only eat the dividends and now that you're three percent a year and you double your money in 24 hours so in 48 hours you're down to a quarter of what you would have been and the gap becomes ruinously wide in other words the higher the asset price the lower the rate at which you can compound wealth and if you're not in the game and you're a beginner you can have great difficulty ever getting into the game by definition it means that the rich can get richer as you price down the yield and mark up asset prices and the poor get squeezed investors should be extremely cautious when playing the game the fed is playing because it makes you feel fantastic that your stocks are rising but it's all manufactured it seems that if you want to purchase stocks right now they are incredibly costly compared to what they ought to be personally i think this is going to lead to a lot of people getting burned equities will eventually experience what happens to balloons when you can't keep blowing air into it forever this is why it's crucial that we continue to be ready right away according to grantham emerging market low growth value stock and green equities are where the possibilities are which aspect of this subject have you found to be very useful
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