Photo by Spencer Platt / Getty Images Close Key Takeaways Last week's action in stocks illustrated investor worries about high valuations. Those worries are reasons for restraint, a fund manager told Investopedia, but not alarm. Q: What is GMO's view of the market now? "High valuations offer both lower expected returns and higher risk than fairly valued or cheap markets," said John Thorndike, a portfolio manager at GMO, in an interview with Investopedia. "Although valuation is not a great short-term predict ...