Jeremy Grantham Quotes

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

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.

Never, ever invest money that you will need prior to three to five years - minimum.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers?

Remember, gold and silver always have had value and never have gone to zero. Can you say the same for stocks and bonds?

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.

Never invest emergency savings in the stock market.

I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.

If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them.

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

For too long people have backed companies on hope value rather than solid products coming out. Now we are coming out the other side.

Just because a stock is down doesn't mean it's a great buy.

I've learned that all investments have risk.

Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.

Whatever you do needs to be sustainable over time, and taking the money in the short term and taking it in a bubble - like buying an Internet stock in 2000 - may not be sustainable.

If you live in the digital economy, you have to be careful to have your investment thesis squarely bolted into your reality.

While everyone would love to have that perfect portfolio of stocks that can be bought and held forever, it usually does not work out that way. Markets, technology, and businesses change too quickly to put portfolios on autopilot.

Never put your savings in risky investments. Only disposable income should find its way there.

I don't rely on off-shore tax havens, and I don't want to invest in stocks and shares as we have seen how volatile that game has been since the financial crash.

When you see a 'Shark fight' erupt, we aggressively want to understand what we are committing our money toward.