Top Jeremy Grantham Quotes - Quotesmemo.com

Jeremy Grantham Biography

Robert Jeremy Goltho Grantham CBE (born 6 October 1938) 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.

Read about Jeremy Grantham in Wikipedia

Random Authors

Jeremy Grantham Quotes

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.

Coming, Names, Running, Use, Using Your Brain, Watch

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.

Description, Forget, Ideas, Jobs, Like, Missing

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.

Like, Monsters, Slowly, Value, Weak, Years

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.

Buying, Investing, Punished, Rewarded, Risk

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.

Air, Animal, Credit, Gnp, Together, Two

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.

Believe, Country, Give, Market, Money, Strong

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.

Challenges, Data, Powerful, Recognise, Unpleasant, Unwillingness

It is better to be lucky than good, but of course appropriate to aspire to both.

Appropriate, Aspire, Courses, Lucky

Volatility is a symptom that people have no idea of the underlying value

Idea, Ideas, Investing, People, Volatility

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," he said. "It is the last refuge of the desperate.

Desperate, Gold, Hate, Refuge, Work Out

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

Bags, Managing, Paper, Think, Thinking, Way

Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed to Keynes (but never documented): 'The market can stay irrational longer than the investor can stay solvent. ' For us agents, he might better have said 'The market can stay irrational longer than the client can stay patient. '

Clients, Intelligent, Keynes, Loves, Reality, Ridiculous

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

Everything, Junk, King, Kings, Overpriced, Stock

If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

Attractive, Buy, Idiot, Looks, Stocks

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.

Environment, Environmental, Issues, People, Starved

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.

Battering, California, Cells, Thinking

. . . how little our side of the industry did to move its business to the more ethical firms and to make a fuss about conflicted or unethical behavior. Had a number of us moved our business, we might have slowed or even stopped the 30-year slide in conflicted, unethical behavior that we have experienced. I, for one, regret the modest nature of our moves. We all could have done more. We have tolerated a pretty nasty decline in standards. Shame on us.

Fuss, Moving, Numbers, Regret, Shame, Standards

The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years.

Replace, Takes, Thinking, Wind, Years

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

Finite, Land, Planet, Resources, Running

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.

Alarming, Environment, Helping, Needs, World

1