Why ‘permabear’ Jeremy Grantham is steering his own cash into high-flying tech stocks

Jeremy Grantham, known as a 'permabear' for his long-term bearish outlook, has made headlines by shifting his investment strategy. He's now investing his own money into high-performing tech stocks, a move that's surprising given his reputation for caution. This shift suggests Grantham believes the current market environment favors tech's growth potential over his usual preference for defensive sectors. It's a significant change that could indicate broader shifts in market sentiment and the enduring power of tech innovation.