Jeremy Grantham Quotes


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.


Citations

Grantham, Jeremy. Interview by Charlie Rose. Charlie Rose, PBS, 1 Mar. 2013.

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Ironically, the Republican Presidents who had no business experience did much better with the American economy—Nixon, Eisenhower, and Reagan than the Republican businessmen. And the one Democrat who was a successful businessman—Jimmy Carter—presided over a terrible economy. The key variable seems to be business experience which gives leaders a false sense of being able to control things more than is real and develops an empathy with a narrow slice of the electorate—other businessmen—who are much more interested in short term profits rather than the health of the economy as a whole.


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  • Born: October 6, 1938
  • Nationality: British
  • Profession: Investor

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.