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.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.
Appearances
Don't you have to wait six months?
In another podcast, I was comparing the purchase of my Tesla six years ago with the price of Tesla stock.
And I wrote it up in my quarterly letter to the clients that A, I'd bought a Tesla and B, I thought Tesla was overpriced.
And fast forward, Tesla stock went up 10 times over the life of my car, which still hasn't been incidentally into the garage once.
I imagine though, but people who really hate futzing around with cars, that component that they don't have to go to the garage is so underestimated until you enjoy it.
So then the story becomes, from where we were 10 years ago, he couldn't get there.
It wasn't profitable enough.
It couldn't grow as fast as it should.
There was no way.
And he broke the rules the following way.
He's so good at BS, that's a technical term, that he talked the stock up to four or five times what it was worth on paper.
Then he sold lots of stock at five times what it was worth.
Used the money to build a gigafactory.
And then instead of the sale of stock crushing it, he kept on talking up the game.
The stock kind of hung in and then went up again, five times what it was worth, sold another big slug, et cetera, et cetera.
So the only reason he did well was because of the combination of incredible confidence inspiring in potential stockholders.
It became a self-fulfilling prophecy.
It wasn't worth that, but he persuaded other people that it was.
The stock went up.
He cashed it in.
Showing 381–400 of 906 · page 20 of 46
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