TIP371: The Top of the Cycle w/ Jeremy Grantham
We Study Billionaires - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 20 August 2021
⏱️ 61 minutes
🧾️ Download transcript
Summary
In today’s episode, we have a very special guest and that is billionaire Jeremy Grantham, the co-founder and long-term investment strategist at GMO, one of the world's most well-respected asset management firms. Jeremy is an investing legend and studied market historian, who successfully identified and sidestepped the major corrections such as the Japanese market in 1989, the tech bubble of 2000, and the global financial crisis of 2008, and even called the bottom in 2009.
IN THIS EPISODE, YOU'LL LEARN:
- (01:37) How Jeremy identifies market bubbles and how to prepare for a correction
- (34:04) How the FED talks a big game but doesn’t have a great track record of avoiding major market corrections
- (47:56) Green venture capital and the opportunities it presents and much much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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- Grantham Foundation website
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Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:30.0 | In this episode we discuss how Jeremy identifies market bubbles and how to prepare for a correction. |
| 0:35.0 | How the Fed talks a big game but doesn't have a great track record of avoiding major market declines. |
| 0:40.0 | Green venture capital and the opportunities it presents and much much more. |
| 0:44.0 | Jeremy was very generous with this time and I very much enjoyed our conversation. |
| 0:48.0 | With over 50 years of experience in investing in markets, |
| 0:51.0 | Jeremy's perspective is steeped in wisdom and logic. |
| 0:54.0 | So with that, please enjoy my discussion with Jeremy Grantham. |
| 1:00.0 | You are listening to the Investors podcast where we study the financial markets |
| 1:06.0 | and read the books that influence self-made billionaires the most. |
| 1:10.0 | We keep you informed and prepared for the unexpected. |
| 1:14.0 | Welcome to the Investors podcast. |
| 1:23.0 | I'm your host, Trey Lockerby and today I am so excited and honored to have with me Mr. Jeremy Grantham. |
| 1:32.0 | Jeremy, welcome to the show. |
| 1:34.0 | Hi, it's a pleasure to be here. |
| 1:36.0 | One of the reasons I am so excited to speak with you Jeremy is because not only are you a legend in the space |
| 1:43.0 | and a studied historian on markets, but because you also, as you've somewhat humorously put it, no longer have career risks. |
| 1:51.0 | So I know our audience will love hearing your very candid viewpoints on where we are in this cycle. |
| 1:57.0 | And speaking of cycles, you've gone on record stating that we are at the peak of one of the largest market cycles or bubbles in history. |
| 2:07.0 | So I love if you would tell us a bit about how you go about identifying a bubble and how you've come to that conclusion. |
| 2:15.0 | I wouldn't say necessarily that we're at the peak. I think it's clear that we're deep into bubble territory. |
| 2:24.0 | Bubbles are characterized typically at the end of a long bull market by a period where they accelerate and they start to rise at two or three times the average speed of the bull market, which they did last year, of course. |
... |
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