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 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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The great bubbles always occur around the very most important ideas.
So the railroads, everyone could see that it would change the world.
And everyone wanted to put their money in.
And everybody put their money in.
They overinvested.
And even though the railroads were a spectacularly powerful idea,
the railroads collapsed at stocks and everybody lost a ton of dough.
The same with the internet.
And then out of the wreckage, the railroads changed the world and the internet changed the world.
What we have to remember is that
In 99, Amazon went up six or seven times.
In the crash, in the tech bubble, it went down 92%.
As I like to say, check it.
It's such a remarkably large number.
And then out of the wreckage, it inherited the retail world.
And that's how it works.
The greater the idea, the more obvious the idea, the more money goes in, and the bigger the bubble, and the bigger the bust.
If you look at the data, it would be compatible with history for the peak to be very soon.
Everything is in line.
This is, I think, the biggest investment bubble in American history.
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