The Year of the Value Hunter Has Arrived

Merryn Talks Money · Feb 10, 2023 · 39m · transcript

For a fund manager with a belief in value, 2021 was as discombobulating a year as they come, says Ben Inker, co-head of GMO’s asset allocation team. Valuations went to insane levels across all markets, and there was nothing you could buy or hold that was cheap enough to offer real long-term returns. But the good news according to Inker is that an awful lot of froth came out of the market last year. Prices went down and inflation went up. Add those together and a lot of markets were down 25% plus in real terms, he says.

Inker joins Merryn Somerset Webb on this week’s Merryn Talks Money to…