‘Joy of missing out’: Here’s the silver lining after 2022’s stock-market ‘nightmare,’ says GMO’s Ben Inker

A silver lining appears to have formed around 2022’s market carnage.

“For the first time in several years, it is possible now to put together a well-diversified portfolio of assets and strategies that are either outright cheap or at least fair value, an excellent silver lining to a year most investors would like to forget, wrote Ben Inker, co-head of GMO’s asset allocation team, in the firm’s fourth-quarter letter to investors.