Jeremy Grantham Quotes
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.
Grantham, Jeremy. "Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever." GMO Quarterly Letter, GMO LLC, Apr. 2011.
This statement of the problem was so eloquent and universal that it is even used a century later. For example it was quoted by James Inhofe, on his Senate Speech, October 4, 2004.
This was a common refrain by 2005, but this was written 80 years before that. Few had this prescient vision.
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.