Jeremy Grantham, Co-founder and Chief Investment Strategist of GMO, speaks 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 1 month ago

Jeremy Grantham, Co-founder and Chief Investment Strategist of GMO, speaks 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.