Jeremy Grantham, Bubble Historian

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 22 September 2023

⏱️ 110 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 110 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jeremy Grantham to discuss: being the "Bubble Historian", Inflation, Modern Valuations, the Four most Dangerous Words, Real Estate, Impact Investing, and much more! Including a few extra words of wisdom. Thanks to Public for sponsoring this episode! Go to https://www.public.com/compound to lock in a historic 5.5% yield on your cash. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Jeremy, somebody published a list of your favorite books, but then when I looked at the site,
0:05.5	it didn't appear that you actually contributed these. They pulled this list from your interviews
0:10.6	that you've given over the years. So let's ask Jeremy, do you think you know your favorite books?
0:15.2	So you might not even know that these are your favorite books. I'll tell you what they are.
0:20.0	The Wizard and the Prophet by Charles Mann, dirt, the erosion of civilizations.
0:26.6	Yes, we'll check that one. Okay. Immoderate greatness, why civilizations fail.
0:31.7	Three checks. Okay. Any light reading or... That is my light reading.
0:37.8	The end of normal, the great crisis in the future of growth by Galbereth.
0:41.6	Yeah. Yeah. Okay. So is that a real realistic list? Is there anything missing that pops
0:46.8	the mind? Oh yeah, that's a ton of missing. I'm sure tons.
0:49.9	I'm sure tons. Jeremy, I feel like there's an angel and devil on your shoulder.
0:54.4	Say more. Because you're very optimistic with your long-term thinking, right?
0:58.7	The way that you allocate the foundation's money. But don't ask you about the next six months.
1:04.7	We're going to ask you about the next six months for sure. Next six years.
1:08.7	Also. We'll ask you about the next six years for sure. Although, I feel like I have a
1:12.5	little bit of Jeremy Grantham and me. I'm always scared about the short-term. Optimistic, but I'm always
1:17.7	scared. Yeah. If we want to start with... We'll have a much better, much better starting promise.
1:27.4	We're going to have a better start once the crew tells us that we're ready to go.
1:34.7	Jeremy, how did you meet your partners? How did I meet Mayo and Van Achtel?
1:40.2	I met them at a group called Keystone Funds in 1968. They were approximately as
1:48.0	big as Fidelity. Fidelity had 1.9 billion under management. Wow, that's it.
1:54.3	And Keystone had 1.7 or 1.8. Oh wow. And Fidelity turned me down and Keystone offered me a job.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Josh Brown, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Brown and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.