Quotes by Jeremy Grantham

About Jeremy Grantham:

Jeremy Grantham is a British investor and co-founder and chief investment strategist of Grantham Mayo van Otterloo (GMO), 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 a vocal critic of various governmental responses to the Global Financial Crisis. Grantham started one of the world's first index funds in the early 1970s.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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 punishe...

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

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

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.

Jeremy Grantham

Equities are boring; bonds are disgusting.

Jeremy Grantham

By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.

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

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 nee...

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

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

Jeremy Grantham

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.

Jeremy Grantham

I think I'm right-brained, incapable of managing my way out of a brown paper bag.

Jeremy Grantham

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

Capitalism believes that its remit is exclusively to make maximum short-term profits.

Jeremy Grantham

We could solve all our problems if only we were the efficient, rational human beings of standard economic theory and had politicians willing to think in the long-term interest of their people rather than their own.

Jeremy Grantham

The fall of moral civilization has always been brought about by those who were "just doing their jobs".

Jeremy Grantham

At least us old men remember what a real bear market is like, and the young men haven't got a clue.

Jeremy Grantham

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, an...

Jeremy Grantham

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

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.

Jeremy Grantham

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

Author Bio

  • NameJeremy Grantham
  • DescriptionBritish businessman
  • CountryUnited Kingdom
  • ProfessionManager