38+ Jeremy Grantham Quotes On Investing, Ai And Money

Jeremy Grantham is a British investor and co-founder of the asset management firm Grantham, Mayo, & van Otterloo. He is known for his long-term investment strategy and for predicting bubbles in the stock market. He is a philanthropist and environmentalist, and is the founder of the Grantham Foundation for the Protection of the Environment. Following is our collection on famous quotes by Jeremy Grantham on investing, ai, money.

Top 10 Jeremy Grantham Quotes

1. You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?
2. I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.
3. Volatility is a symptom that people have no idea of the underlying value.
4. By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.
5. Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever makes.
6. The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.
7. At least us old men remember what a real bear market is like, and the young men haven't got a clue.
8. 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.
9. If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.
10. We live on a finite planet. We have finite resources, and we're running out of good, arable land.

Jeremy Grantham Short Quotes

• Equities are boring; bonds are disgusting.
• Capitalism believes that its remit is exclusively to make maximum short-term profits.
• I think I'm right-brained, incapable of managing my way out of a brown paper bag.
• It is better to be lucky than good, but of course appropriate to aspire to both.

Jeremy Grantham Quotes About Investing

The investment business has taught me – increasingly as the years have passed – that people, especially investors (and, I believe, Americans), prefer good news and wishful thinking to bad news; and that there are always vested interests to offer facile, optimistic alternatives to the bad news. — Jeremy Grantham

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. — Jeremy Grantham

I believe the only things that really matter in investing are the bubbles and the busts — Jeremy Grantham

Jeremy Grantham Quotes About Market

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. — Jeremy Grantham

There is a lot of pain still to be had in the equity markets, particularly aimed at the risky end of the spectrum. We think the fair value on the market is about a third lower in the U.S. . . — Jeremy Grantham

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. — Jeremy Grantham

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. — Jeremy Grantham

The stock market is overpriced. Everything is overpriced. Junk is king. — Jeremy Grantham

Jeremy Grantham Famous Quotes And Sayings

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. — Jeremy Grantham

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. — Jeremy Grantham

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition. — Jeremy Grantham

The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years. — Jeremy Grantham

There is no single theory that is used in economics that considers the finite nature of resources. It's shocking. — Jeremy Grantham

Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed to Keynes (but never documented): 'The market can stay irrational longer than the investor can stay solvent.' For us agents, he might better have said 'The market can stay irrational longer than the client can stay patient.' — Jeremy Grantham

Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that! — Jeremy Grantham

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions. — Jeremy Grantham

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. — Jeremy Grantham

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. — Jeremy Grantham

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. — Jeremy Grantham

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals. — Jeremy Grantham

Modern agriculture has been accurately described as a way of turning oil into food. As the price of oil continues to rise, so will the price of food. — Jeremy Grantham

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. — Jeremy Grantham

You don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-growing countries should give you the highest return. They simply don't. But, there's only four of us- that- that believe that story. Everyone else in the world believes that if you grow fast like China, you'll outperform in the stock market. — Jeremy Grantham

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. — Jeremy Grantham

Life Lessons by Jeremy Grantham

1. Jeremy Grantham emphasizes the importance of diversifying investments and avoiding over-investing in any single asset.
2. He also advocates for a long-term approach to investing, rather than trying to time the market or chase short-term gains.
3. Finally, Jeremy Grantham stresses the importance of understanding the underlying fundamentals of a company or asset before investing in it.