Jeremy Grantham
speaker
906 appearances
3 recordings
2 series
first heard Jun 2026
last heard 30 Jul
Jeremy Grantham’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.
Appearances
Therefore, we were wrong.
Therefore, it shoot us.
People think
you get shot for underperforming in a bear market, and that is not really the case.
In a bear market, everyone freezes, rigor mortis.
They wait until the market has bottomed out, then they sit around and start to fire one or two people for having done worse than the others.
But in a bull market, they're playing golf with their fellow pension fund officer.
And he is making a ton of money and they are not.
They get very excited in a bull market and they fire you instantly.
If you can lock up money, I would.
If you can build a bit of conservatism in other ways, do it.
Just brace yourself for impending problems, which is a pretty good principle anytime, but is a better principle than normal today.
Yes.
The stock market hinges on career risk.
And Keynes was the great champ.
He's a famous economist of the 1930s and 40s.
And he wrote a famous book called The General Theory.
Unlike the idea that the market's efficient, he knew it wasn't.
He knew it was a behavioral jungle and that it would be given to bubbles.
The efficient market idea is that every company, every stock, the underlying company represents a long stream of future earnings and dividends, and that the ones in the distant future are given less value, a process they call discounting it back to the present, and the sum of all of that stream of earnings into the future is the stock price.
Showing 261–280 of 906 · page 14 of 46
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