Safety first

Investment expert Jeremy Grantham gives his views via Financial Times video:

• the UK and Australia are still experiencing bubbles in housing
• there are potential bubbles in commodities and emerging markets
• savers are being tempted (I'd say almost forced) into speculating when they should be cautious
• the US stockmarket is generally overpriced, but...
• investors should be more interested in big, boring, robust companies such as Coca-Cola, Microsoft and Johnson & Johnson

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