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Exclusive: Jeremy Grantham warns stocks could fall as much as 52% as a recession awaits the US economy — but says to look to these 2 investments for long-term outperformance

Summary by Business Insider
Jeremy Grantham cofounded the asset-management firm GMO.Boston Globe/Getty Images Jeremy Grantham correctly predicted the dot-com bubble and 2008 financial crisis.  In a recent Business Insider interview, he detailed his negative outlook for stocks. He said emerging-market and value stocks were the best places to invest for the long term. Jeremy Grantham, the veteran investor who cofounded GMO asset management, often feels like Crocodile Dundee.…
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