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
It is far from unprecedented to have these major declines.
And the biggest bubble in history was in the Japanese stock market in 1989.
Back then, Japan seemed to rule the world, all the technology, all the Toyotas were kicking bottoms in General Motors and so on.
And everyone bragged about their 12-inch Sony TV in the kitchen and the quality, et cetera, et cetera.
Little things you put on your belt to play music.
They were all Japanese.
And for a second, Japan sold for more than the U.S.,
And it got to 65 times earnings, which means for every dollar of earnings, you have $65 of market value.
And the U.S.
went to 35 in the tech bubble of 2000.
You could argue, depending on how you do it, that it's 35 or 40 today, but it's not 65.
So we have seen a much bigger bubble in Japan.
And what happened?
It went up and up and up, and then it came down for 20 years.
20 years?
20 years.
They talk about the last decade, but when you look at it closely, it looks more like the last 20 years.
The high flyers will lay people off and a lot of people will feel less rich.
And as you acquire money in the stock market, a small fraction of that, two or three percent, is spent.
And in reverse, it goes back.
Showing 101–120 of 906 · page 6 of 46
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