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Key Words: Meme-based investing ‘is a totally nihilistic parody of actual investing,’ says Jeremy Grantham, who called 3 stock-market bubbles

Grantham, co-founder and chief investment strategist at the money manager Grantham, Mayo, Van Otterloo & Co., laments the state of an investment world that has prominently featured the emergence of meme-oriented trading in stocks like GameStop.

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