Jeremy Grantham warns stocks could fall as much as 52% as a recession awaits the US economy — but says to look to these 2 investments for long-term outperformance

• Jeremy Grantham correctly predicted the dot-com bubble and 2008 financial crisis. 
• In a recent Business Insider interview, he detailed his negative outlook for stocks.
• He said emerging-market and value stocks were the best places to invest for the long term.

Jeremy Grantham, the veteran investor who cofounded GMO asset management, often feels like Crocodile Dundee.