Billionaire's WARNING: I'm SELLING. The Crash Is Already Here!

episode

Previously titled “Stock Market EMERGENCY: Sell Your Stocks Now, The Collapse Is Weeks Away!” — renamed by the publisher on Aug 2, 2026

The Diary Of A CEO with Steven Bartlett 1h 45m 3 speakers 8 chapters transcribed 2 months ago
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Transcript generated automatically by AI and may contain errors.

Who is Jeremy Grantham and what is his investment philosophy?

Professor Devi Sridhar 0:00
Olen Shannon Maldonado, käsintehtyjä artesaanituotteita myyvän Jaui lahjakaupan perustaja. Valitsin Shopify, koska alustoja testatessani totesin sen ehdottomasti yhdeksi helppokäyttöisimmistä alustoista.

Is the AI boom a financial bubble waiting to burst?

Professor Devi Sridhar 0:14
Minulla oli tärkeää pohtia kehittymistämme tulevaisuudessa. Kaikki myyntiin tarvittavat työkalut, kuten varaston suunnittelu, ovat kätevästi dashboardissa. Aloita ilmainen kokeilu shopify.com-sivustolla.
Steven Bartlett 0:28
What advice do you give for the average person that's looking to invest their salary or their wages?
Jeremy Grantham 0:32
Don't own US stocks. That's a simple strategy that you can act on.
Steven Bartlett 0:37
What about S&P 500? No.
Jeremy Grantham 0:39
Really? Yeah.

What investment strategies does Jeremy Grantham recommend for the impending market crash?

Jeremy Grantham 0:40
And if you have a big position in US technology stock, my personal advice would be to sell it all.
Steven Bartlett 0:46
But I'm an investor in SpaceX.
Jeremy Grantham 0:47
Good luck. SpaceX is such a fabulous BS story and we can go into that.
Steven Bartlett 0:51
Crypto?

Why should investors avoid US stocks right now?

Jeremy Grantham 0:52
No. Why? It's an unnecessary piece of nonsense that facilitates nothing except criminals moving money that they can't be seen.
Steven Bartlett 0:59
Do you think Bitcoin's going to go to zero?
Jeremy Grantham 1:01
Yes, it will certainly go to zero.
Steven Bartlett 1:02
So how many years have you spent investing?
Jeremy Grantham 1:04
60 years.
Steven Bartlett 1:05
And what's the most amount of money you've ever managed of other people's money?
Jeremy Grantham 1:08
165 billion. and one of the things you're famous for talking about is this idea of bubbles yes and bubbles always occur around the very most important ideas so the railroads everyone could see that it would change the world the same with the internet and everyone wanted to put their money in and so they over invested but this is the problem eventually And if you look at the great bubbles breaking of the past, you find that it's followed by really tough times, a miserable period for the economy.

What are the real risks of AI and its impact on jobs?

Jeremy Grantham 1:35
And the bigger the bubble, the bigger the bust. And now we're in the biggest investment bubble that arguably has ever occurred.

How is the current economic environment affecting everyday people?

Steven Bartlett 1:42
Are we on the verge of a collapse with AI over the coming years? The next few days, the next few weeks, the next few months, but certainly the next few years. So if you're not someone that has a huge amount of savings, what kind of strategy should they be adopting when an economy starts to get bad and there's an economic bubble collapse?
Jeremy Grantham 1:58
So I will go through everything, but you will not receive this advice from investment advisors because they'll lose a lot of business.
Steven Bartlett 2:06
Would you be thinking about the country you live in at this moment in time?
Jeremy Grantham 2:09
Absolutely.
Steven Bartlett 2:10
Is there any countries you wouldn't live in?
Jeremy Grantham 2:11
I think I have to refuse to answer this on the grounds that it might tend to incriminate me.
Steven Bartlett 2:16
Oh, OK. So you're saying don't live in the United States? I've just moved here. Why not the United States?
Steven Bartlett 2:29
Guys, I've got a favour to ask before this episode begins. The algorithm, if you follow a show, will deliver you the best episodes from that show very prominently in your feed. So when we have our best episodes on this show, the most shared episodes, the most rated episodes, I would love you to know. And the simple way for you to know that is to hit that follow button. but also it's the simple, easy, free thing that you can do to help us make the show better. And I would be hugely grateful if you could take a minute on the app you're listening to this on right now and hit that follow button. Thank you so, so, so much. Jeremy Grantham. Your firm managed up to $165 billion at its peak, what we call AUM, Assets Under Management.
Steven Bartlett 3:13
So you know a lot about money. You know a lot about investing. How do you sort of self-define your expertise? Because you traverse so many different subjects through your work. So if I said to you, you know, how do you introduce yourself professionally? What is the answer?
Jeremy Grantham 3:27
I can't think I ever do introduce myself professionally. But I think of myself as specializing in a longer-term horizon than most people and trying to look at a higher and higher level of abstraction. What is really going on here?

How are toxic chemicals in our environment affecting fertility?

Jeremy Grantham 3:42
And what are people missing? I've discovered over decades that humans are incredibly short-term oriented and they have an enormous predisposition to optimism. They're looking for optimistic news in everything.

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