Jeremy Grantham, Co-founder and Chief Investment Strategist of GMO, takes notes during an Oxford-style debate on financial innovation hosted by "The Economist" magazine at Pace University in New York October 16, 2009. Grantham was speaking against contemporary financial innovations. Reuters Pictures logo Reuters Pictures 28 months ago

Jeremy Grantham, Co-founder and Chief Investment Strategist of GMO, takes notes during an Oxford-style debate on financial innovation hosted by "The Economist" magazine at Pace University in New York October 16, 2009. Grantham was speaking against contemporary financial innovations.

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