不是为了小散的利益着想，是为了把他基金的潜在客户机构投资者吓坏了、然后把大钱交给他管理。

可惜他的GMO基金最近一两年实际回报率不佳，投资者撤走了大量资金。看看他的基金在2017年初的资产分配情况，这一年是波动率直线走低、美国股市上涨最好的一年，而他只有7%的资金在美股里面，难怪流失资金。

The Journal provided the following recap of GMO's asset allocation, which included 7% in US stocks, 27% in cash, 16.9% in foreign developed, 20% in alternative strategies and 20% in emerging equities and bonds. That only adds up to 90%, so perhaps the remaining 10% is in fixed income or timber land, which he is a fan of but that might be counted in the alternative sleeve.

说实话，这家伙对市场脉搏的把握还不如俺呢；）