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
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.
financial financial-markets extremes
I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.
thinking bags paper
I think I'm right-brained, incapable of managing my way out of a brown paper bag.
powerful data challenges
I find the parallels between how some investors refuse to recognise the trends and our reaction to some of our environmental challenges very powerful. There is an unwillingness to process unpleasant data.
lucky aspire appropriate
It is better to be lucky than good, but of course appropriate to aspire to both.
uzbekistan long dice
Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone. They roll the dice bigger and quicker than most.
world needs helping
The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.
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?
thinking giving people
Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.
running land planets
We live on a finite planet. We have finite resources, and we're running out of good, arable land.
issues people environmental
The language 'It's too late' is very unsuitable for most environmental issues. It's too late for the dodo and for people who've starved to death already, but it's not too late to prevent an even bigger crisis. The sooner we act on the environment, the better.
playing-games ideas people
Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.