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Hi, and welcome to the Longview. I'm Dan Lefkowitz, strategist for Morningstar Indexes. I'm filling in for Jeff Patak this week.

And I'm Christine Ben's director of personal finance and retirement planning for Morning Star.

Our guest this week on The Longview is Ben Inker. Ben is the head of asset allocation at GMO, a Boston-based investment manager famous for its asset class forecasting.

Ben joined GMO in 1992 after completing his bachelor's and economics from Yale. He's been an analyst, a portfolio

manager, and a CIO, and is a partner and board member for the firm. Ben, thank you for

joining us for a second time on The Longview. Yeah, very happy to be back. Yeah, I enjoyed your previous

appearance, and I've enjoyed listening to you over the years at the Morningstar Investment

conference. I wanted to start by asking you about Jeremy Grantham, the co-founder of GMO, the G&GMO.

Many of our listeners will be familiar with Jeremy as a contrarian value investor, a famous student

of asset bubbles. Some call him a perma bear. Curious how Jeremy has influenced you as an investor.

Well, you know, as someone who I have worked with for over 30 years and spent the first, oh God,

let's say 15 years of my career working directly for,

he's had a huge impact on me. I mean, he taught me so much about investing. But of course,

he also taught me, you know, as you call him a permabair, that the way the world views you

can be pretty limited. And the stuff that can get the press is not

necessarily a reasonable description of who you are. So that's been another piece of it. But,

...