- Death
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- Nov 07, 2020
Jeremy Grantham Quotes
Most Famous Jeremy Grantham Quotes of All Time!
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- Last Updated on May 30, 2021
- Environmental
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- Nov 07, 2020
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.
- Change
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- Nov 07, 2020
Libertarians believe that any government interference is bad. Anyone with a brain knows that climate change needs governmental leadership, and they can smell this is bad news for their philosophy. Their ideology is so strongly held that, remarkably, it's overcoming the facts.
- Good
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- Nov 07, 2020
If you're saying something that people don't want to hear or accept, a significant proportion of them will reply with hostility. Not because they know the facts, or because they have researched it themselves, but because they're so psychologically involved in believing good news that they will oppose it with a reflex.
- Better
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- Nov 07, 2020
Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to.
- Nature
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- Nov 07, 2020
There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
- Good
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- Nov 07, 2020
History speaks pretty clearly that the markets do better with Democrats. Republicans' ideas of what constitutes fiscal responsibility simply are not good for the stock market. Democrats have many tendencies, but one of them is to look after the workers, and actually that tends to be good for demand and good for markets.
- Everything
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- Nov 07, 2020
I have an eccentric view on commodities not necessarily shared by my colleagues - or by almost anybody. And that is, we're running out of everything.
- Good
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- Nov 07, 2020
If there's unemployment, having the government help reduce that unemployment, increase employment directly is a pretty good idea. It's not driving out competition; it's not crowding out.
- Mind
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- Nov 07, 2020
I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.
- Believe
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- Nov 07, 2020
The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
- Family
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- Nov 07, 2020
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.
- Forget
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- Nov 07, 2020
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.
- Boring
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- Nov 07, 2020
Equities are boring; bonds are disgusting.
- High Unemployment
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- Nov 07, 2020
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.
- Land
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- Nov 07, 2020
We live on a finite planet. We have finite resources, and we're running out of good, arable land.
- Discipline
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- Nov 07, 2020
Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people who like to watch the locomotive coming and get run down in the name of discipline.
- Men
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- Nov 07, 2020
At least us old men remember what a real bear market is like, and the young men haven't got a clue.
- Healthy
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- Nov 07, 2020
You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?
- Long
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- Nov 07, 2020
One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.
- Long
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- Nov 07, 2020
As a professional, you can afford to pick some stocks and be wrong about a few of them. To keep your job, you cannot take the risk of being seen to be wrong about the 'big picture' for very long.
- Great
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- Nov 07, 2020
Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.
- Great
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- Nov 07, 2020
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.
- Money
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- Nov 07, 2020
When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably never come near their returns in the stock market. In the world that I see, land is golden.
- Call
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- Nov 07, 2020
By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.
- Price
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- Nov 07, 2020
You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.
- Dice
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- Nov 07, 2020
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.
- Help
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- Nov 07, 2020
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.
- Free
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- Nov 07, 2020
Investment bubbles and high animal spirits do not materialize out of thin air. They need extremely favorable economic fundamentals together with free and easy, cheap credit, and they need it for at least two or three years. Importantly, they also need serial pleasant surprises in such critical variables as global GNP growth.
- Capable
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- Nov 07, 2020
I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.
- Living
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- Nov 07, 2020
I consider most of the talent in the financial world to be suboptimal. It could be better placed earning its living in the real world.
- Paper
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- Nov 07, 2020
I think I'm right-brained, incapable of managing my way out of a brown paper bag.
- Different
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- Nov 07, 2020
Bubbles have quite a few things in common, but housing bubbles have a spectacular thing in common, and that is every one of them is considered unique and different.
- Drive
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- Nov 07, 2020
Low-cost, high-grade coal, oil and natural gas - the backbone of the Industrial Revolution - will be a distant memory by 2050. Much higher-cost remnants will still be available, but they will not be able to drive our growth, our population and, most critically, our food supply as before.
- Food
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- Nov 07, 2020