Jeremy Grantham quotes

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)

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

Jeremy Grantham

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

Jeremy Grantham

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

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

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

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

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

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

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

Jeremy Grantham

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. (Jeremy Grantham)

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.

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

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

We live on a finite planet. We have finite resources, and we're running out of good, arable land.

Jeremy Grantham

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

Jeremy Grantham

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

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

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

Jeremy Grantham

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.

Jeremy Grantham

Equities are boring; bonds are disgusting. (Jeremy Grantham)

The stock market is overpriced. Everything is overpriced. Junk is king.

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

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

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