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
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 airanimalbubble 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
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 actbigcrisis share on social
If you're afraid of inflation, I think - and if you can bring yourself to have a long horizon - and when I say long, I mean ten to 20 years, not the usual ten to 20 weeks - that locking up resources in the ground is a terrific idea. Jeremy Grantham afraidbringgrind share on social
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. Jeremy Grantham bigdescriptionend Change image and share on social
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. Jeremy Grantham constitutedemanddemocrat share on social
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. Jeremy Grantham bubblecommonconsider Change image and share on social
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. Jeremy Grantham accrueaccumulatedebt share on social
I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional. Jeremy Grantham capablecompletelydysfunctional Change image and share on social