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 months
2 · Jun OctJan 26AprJulnow

Recordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.

Appearances

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And that, of course, is complete nonsense.
The stock price is what you think the other guy will pay.
If the stock is going up, it tends to suck in buyers.
And that's called momentum.
It's moving up.
It attracts buyers.
And every now and then, when the economy is favorable and money is obtainable, you tend to get these bubbles.
And they play on themselves.
the bigger and better they are, the more people get sucked in.
One of the spectacular things about it, though, is how there's no consensus.
So I've seen many times where the super experts and the academics think one thing and the players on the ground think another.
But this is a situation where the Nobel Prize winners at the top disagree violently.
The experts at the corporate level disagree violently.
The people in the company disagree violently.
There is absolutely no agreement on whether AI is going to make us all so rich we can sit on the beach and never do another day's work, or it will wipe us out accidentally or on purpose because it's a much higher level intelligence one day.
And when was there ever a case where a higher intelligence was used
benevolent in a sustainable way to a lower intelligence.
The one example is mothers to babies.
That's how I came across you and started to follow your podcast because that was such a brilliant podcast.
That's what we should do, Jeffrey Hinton would say, and others.
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