Jeremy Grantham Quotes

Jeremy Grantham Quotes: 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.
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Jeremy Grantham Quote: 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.
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Quotes about 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. . .
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Quote about 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.
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Jeremy Grantham Sayings: Everyone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, it is equally fair to say that gold is a faith-based metal. It pays no dividend, cannot be eaten, and is mostly used for nothing more useful than jewelry. I would say that anything of which 75% sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded.
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Jeremy Grantham Saying: Capitalism believes that its remit is exclusively to make maximum short-term profits.
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Sayings about 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.
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Saying about Jeremy Grantham: 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.
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Jeremy Grantham Quotes: 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.
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Jeremy Grantham Quote: 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.
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Quotes about Jeremy Grantham: Volatility is a symptom that people have no idea of the underlying value
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Quote about 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,
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