Saturday, January 26, 2008

Grantham Says Shun Stocks, Shift to Cash Amid Crisis

Jan. 23 (Bloomberg) -- Jeremy Grantham, the money manager who oversees $157 billion as chairman of Grantham, Mayo, Van Otterloo & Co. LLC, said investors should shun stocks and hold cash during the worst financial crisis in more than 60 years.

``Don't be a hero,'' Grantham, 69, said today in an interview from his office in Boston. ``Move to cash and let the other guys fish around for the bargains in the wreckage.'



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