Jeremy Grantham
Jeremy Grantham
Robert Jeremy Goltho Grantham CBEis a British investor and co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo, a Boston-based asset management firm. GMO is one of the largest managers of such funds in the world, having more than US $118 billion in assets under management as of March 2015. Grantham is regarded as a highly knowledgeable investor in various stock, bond, and commodity markets, and is particularly noted for his prediction of various bubbles. He has been...
NationalityBritish
ProfessionBusinessman
looks idiot attractive
If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.
hate work-out gold
I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.
ideas people volatility
Volatility is a symptom that people have no idea of the underlying value
mean competition gone
Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.
economics theory used
There is no single theory that is used in economics that considers the finite nature of resources. Its shocking.
broken remember exception
Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.
running average bmw
You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?
real men bears
At least us old men remember what a real bear market is like, and the young men haven't got a clue.
jobs ideas missing
I like to be right. I try not to miss the big ideas, forget the little ones, and try to get them right. End of job description.
kings junk
The stock market is overpriced. Everything is overpriced. Junk is king.
running land planets
We live on a finite planet. We have finite resources, and we're running out of good, arable land.
beings economic human interest people problems rather rational solve standard theory willing
We could solve all our problems if only we were the efficient, rational human beings of standard economic theory and had politicians willing to think in the long-term interest of their people rather than their own.
closing family farming owns
The only investable idea I have real confidence in is farming and forestry. My family owns some forest, and now we're closing on a farm. Make the farming more sustainable and the forestry more sustainable, and everyone benefits.
came finite great price resources
We used to live in a world where the price of resources came down steadily, and now the world has changed. You have a great mismatch between finite resources and exponential population growth.