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
Yeah, well, that will do nicely.
And if you look backwards, what you find is that these seven each dominated a nice piece of business.
They had close to monopolies, and they had it on a global basis.
Tesla had a jumpstart on the electric vehicles.
Apple, of course, on the smartphone.
Microsoft on the original great coup of how to run your software on a computer.
Right.
And then you look forward and you could not imagine a more different world.
They're all girding for battle in the same marketplace, AI.
They're beating their chest and saying, my 200 billion capex this year in a single year is bigger than your 105.
Everybody is pouring enormous cash flows.
And they're now beginning to borrow on top of that into the AI battle.
SpaceX, 90% of its theoretical value is AI, even though their particular AI model is, it would seem, having its bottom kicked by two or three of the others.
But looking forward, it looks like seven people in the ring, right?
There'll only be one survivor, they think.
Everything goes to the one who gets there first.
What a difference this was to seven well-behaved separate monopolies.
Could it possibly be more different?
They made bundles of money on their monopolies.
Now they have no monopoly.
Showing 341–360 of 906 · page 18 of 46
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