Jeremy Grantham has predicted every modern financial bubble - here's where he says you should be putting your money

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• Jeremy Grantham, the cofounder and chief investment strategist at the $71 billion Grantham, Mayo, & van Otterloo, has become a world-renowned market voice by calling every modern financial bubble - including the past two stock meltdowns.
• In an exclusive interview with Business Insider, the industry legend reveals his big investment pick for the future and provides a detailed explanation.

Don't sweat the small stuff. Stay focused on the big picture.

These are two commonly espoused pearls of wisdom that are frequently heard and then promptly ignored by investors.

That's because nobody wants to miss out on whatever market fad is most profitable at a given time. And no one is more familiar with this than institutional investors who manage money for other people.

As people get increasingly caught up in the everyday minutiae, the pressure on money managers mounts to keep pace with the market. It's a dynamic that has played out repeatedly throughout the 9-1/2-year bull market, which is now the longest on record.

Jeremy Grantham, the cofounder and chief investment strategist at the $71 billion Grantham, Mayo, & van Otterloo, doesn't think this is the right approach. ...

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