We live on a finite planet. We have finite resources, and we're running out of good, arable land. Jeremy Grantham arablefinitegood Change image and share on social
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. Jeremy Grantham affordbigjob Change image and share on social
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. Jeremy Grantham alternativebalancecapitalism Change image and share on social
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 challengedatumenvironmental share on social
I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation. Jeremy Grantham controldealdesign Change image and share on social
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. Jeremy Grantham bleedbondbuy share on social
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. Jeremy Grantham approximatelybraincapable share on social
You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy? Jeremy Grantham averagebmwseconomy Change image and share on social
There is no single theory that is used in economics that considers the finite nature of resources. It's shocking. Jeremy Grantham considereconomicsfinite Change image and share on social
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 assetbuycheap share on social
