Jeremy Grantham Quotes
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.
Grantham, Jeremy. "Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever." GMO Quarterly Letter, GMO LLC, Apr. 2011.
The major reason for not yet harvesting waste is the labor, caital, and energy costs of recycling relative to the value of the resource is too high. Technology improvements and greater shortages continuously change the equation in favor of harvesting more and more resources.
Robert Jeremy Goltho Grantham CBE is a British investor and co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management firm. GMO had more than US$118 billion in assets under management as of March 2015. He has been a vocal critic of various governmental responses to the Global Financial Crisis from 2007 to 2010. Grantham started one of the world's first index funds in the early 1970s.