A History of Stock Market Bubbles w/ Legend Investor Jeremy Grantham (TIP650)

[@WeStudyBillionaires]

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[@VarangianOblast]

I never tire listening to Jeremy Grantham!

[@MatthiasHoughton]

do you make money from listening to Jeremy Grantham?

[@WeStudyBillionaires]

Thanks so much for watching! 🙏

[@davidanalyst671]

i get tired when he starts saying we are destroying the planet when we breathe, but hes breathing too

[@gimmeshelter1969]

​@@davidanalyst671So go take a nap. 😂

[@taowme]

Grantham is the best!!!!!

[@WeStudyBillionaires]

Thanks for watching! 💯

[@Yummyflowersnz]

Thanks so much for having this legend on your Chanel

[@WeStudyBillionaires]

Our pleasure! We hope you enjoyed the episode. 🙌

[@justasmackevicius2940]

I watch econ videos all the time, Grantham is my favorite guest of all.

[@WeStudyBillionaires]

Thanks so much for tuning in! 🎉

[@SaveManWoman]

Perhaps video of the quarter maybe even the year. So blessed to have this beautiful visionary lay it out. Excellent interview and perfect questions. Thank you 😊 ❤.

[@WeStudyBillionaires]

Glad you enjoyed it! 🌟

[@B_M]

Loved this interview. What a gem he is.

[@WeStudyBillionaires]

Glad you loved the episode! ❤

[@lewis809]

Such a terrific presence. When Jeremy speaks, we all stay silent!

[@WeStudyBillionaires]

Amen! 🙏

[@objectivethinker3225]

Jeremy is right that we are in a bubble of everything but no one knows how big the bubble can get or how long it takes to burst. His bearish take on climate change, demographics, and the environment validate that he is an overly pessimistic person. Humans are incredible at solving problems but terrible at forecasting them.

[@jtrealfunny]

Jeremy Grantham very impressive for his range and humanity; he has strong words of warning, convincingly presented, and one wonders if anyone is listening. Feels like money is our only compass these days.

[@WeStudyBillionaires]

Glad you found the video insightful! 💡

[@cookiemonstercupcake]

Jeremy Grantham is a legend! What a brilliant man with a clear mind!

[@WeStudyBillionaires]

Thank you for watching the interview! 💯

[@SSYlist]

Awesome guy here 👍 well done hosting such a legend

[@WeStudyBillionaires]

Thanks for watching! 🎉

[@bibbidi_bobbidi_bacons]

This was a great one! Thank you guys

[@WeStudyBillionaires]

Our pleasure! 🌟

[@olllloollllo]

People need to point out exactly where he has been wrong for 15 years. This sounds like false information being spread throughout the internet.

[@misthi7deedee131]

And what is that?

[@JJoy225]

Yes please point out in great detail where he’s wrong and how. Conduct or link to your own macroeconomic analysis. I’ll be surprised if you even have one page of analysis written

[@leighgoodwin1726]

Brilliant. Absolutely brilliant.

[@WeStudyBillionaires]

So glad you think so! 🙏

[@aqrs269]

Gotta love Jeremy Grantham!

[@WeStudyBillionaires]

Hope you enjoyed the episode!

[@anderson6379]

Thank U. Always a great guest. Good interview 🙏

[@WeStudyBillionaires]

Much appreciated! 🙏

[@curtgomes]

I am old enough to remember the 1989 Japanese stock market rise to 65 times trailing earnings. I also remember that, at that time, Japanese economic leaders and businessmen were being touted as the smartest in the world. America could learn a lot from the Japanese model. Soon thereafter the Japanese market crashed and 35 years later it still has not reached that high!!

[@martinliew578]

Agree. I was in undergrad business school then & the in vogue thinking was Japan would rule the world. Then the bubble burst Same for China a few years ago. Now the Bubble has burst

[@JJoy225]

THANK YOU. Was waiting for someone to mention the Japanese asset bubble. Unfortunately my generation has so little concern to anything that occured before them. People really have the memory of a goldfish

[@curtgomes]

@@JJoy225 They watch cable TV, don't read books with historical value, nd are totally self involved......

[@justafewquestions3647]

Excellent!!!!!!!!!

[@WeStudyBillionaires]

Thanks so much for watching! 💯

[@Bigfurtune]

So many people losing money off the bearish markets but a lot more still making money despite the dip and bear market by CRYPTO SCALPING/DAY TRADING..I've 7x my portfolio on my last trade even though I barely trade myself

[@Bigfurtune]

I signed up for a 1-on-1 traidng session called Earn and Learn. It's like copy traidng, but with personalized guidance.

[@Bigfurtune]

It's a secure and supportive way to improve your trading skills while earning, the best part is there's no upfront payment required

[@michamichi22]

That sounds interesting! Can I sign up too? How can I reach out for a session?

[@KarinPietzek]

I just started the program last month. The sessions with Dave are incredibly insightful. He's helped me understand market dynamics on a deeper level and that takes away the scare from trading to a large extent

[@michamichi22]

I am pretty much a newbie when it comes to trading. Would this program be suitable for me?

[@runesvendsen743]

Amazing talk and quite sobering at the end..

[@WeStudyBillionaires]

Glad you found the episode insightful! 🙏

[@WillHpowers95]

@@WeStudyBillionaires This guys just constantly dooms. Stop giving him airtime. He’s like John Hussman.

[@luisportela6989]

Superb!!

[@WeStudyBillionaires]

So glad you enjoyed it! 🙏

[@ZaheerJamal]

Top tier guest

[@WeStudyBillionaires]

Glad you think so! 🌟

[@xbomb87]

Bentham has a brilliant podcast with Nate Hagens if you want more. He's been in the business long enough to see how arbitrary the different generational trends are and articulate it.

[@observeusobserveus3011]

Very strange interview where the host does not challenge some points. JG has been saying bubble for past 5+ years while the SP more than doubled. So EVEN if it crashes 50% in a year, it does not make any difference to anyone who listened to him. Also he says 'bubble stocks' and at the same time extolls the technology leaders Mag-7 as the greatest quality & monopoly companies (& invests in them in his GQETX fund) - so what exactly are the bubble stocks in US?

[@deepak2012able]

Thankyou 🙏

[@WeStudyBillionaires]

Thank you for watching! ❤

[@mattinterweb]

Grantham will eventually be right (he's been consistently wrong for 15 years now), but it is simply a fact that if you had listened to him those past 15 years the opportunity cost to you has been HUGE and frankly you would have been left behind. Invest and protect your downside risk and you'll make a lot more money than trying to predict when the 'super bubble' will pop.

[@tecomaman]

He seems to be more compelling now

[@yannhusson411]

Totally agree with you. Some investors have been predicting the mother of all bubbles for decades. If you're predicting a castrophe every day of the year forever you will eventually be right because catastrophes happen from time to time.

[@nicholas5396]

Hes not been saying for the past 15 years to be out of the market. He looks for quality and value. If you listened to him or his funds you'd still have made plenty of money. Matter of fact looking at GMOs Quality Fund (GQETX) it has outperformed the S&P 500 the last 10 years and with lower max drawdowns. Which for the average young investor isn't a big deal. If you're someone with several million or more in the market that is much more appealing than chasing retruns.

[@mattinterweb]

@@yannhusson411 exactly. Bears love to tell you "look I was right", conveniently forgetiing that to be early is to be wrong. Grantham has been wrong for years.

[@dustinmorris4623]

If you put your money with Jeremy you would have done pretty well over time. Check out his 13-F stock holdings and buy prices. What he thinks and where he puts his money aren’t one for one.

[@nicholas5396]

Ticker GQETX is the GMO quality fund. For all those who think if you listen to him youll be wrong. Not in the last 10 years at least. GQETX has outperformed the S&P 500 14.6% to 13.1. "Price is what you pay. Value is what you get".

[@CharlesHermite-l2x]

Also the volatility related information as well as drawdown/drawdown period should be considered as part of evaluation.

[@nirvaanmeharchand5896]

Great guest - thank you.

[@WeStudyBillionaires]

Glad you enjoyed it! 🙌

[@Dasein2005]

What’s all this nonsense about him being wrong for 15 years? He was the one telling people to get back INTO the market after the crash. He was warning about the bubbles in assets since 2021. It crashed in 2022 and was saved by AI- temporarily. Pay attention.

[@11bravo80]

Amen

[@HML-it7te]

Geothermal was tried in Australia. Multiple companies went belly up. All it takes is one seismic event and the plant shuts down. It’s not the answer.

[@firstnamelastname-ys3mz]

Riiiiiight

[@HML-it7te]

@@firstnamelastname-ys3mz in other countries that don’t reply on super deep boreholes to reach hot rocks it’s a totally different story. Examples are Iceland, New Zealand. It works well there.

[@MAchannel2024]

I agree with him, but you would have missed on a great bull run for past decade He will be right in the next 10 years, but you have to ask yourself is it worth waiting?

[@jamesmiller2296]

Keep this interview because it will go down in history.

[@mattinterweb]

Along with the other 500 where he's repeated the same mantra for 15 years.

[@WeStudyBillionaires]

Thanks for watching! 🙏

[@bridgetgear8621]

The reason why the bubble doesn’t burst is because of stock buybacks. Which weren’t allowed before the Reaganomics, and should be forbidden again since is the wrong incentive for corporations. Grantham is a legend, he consistently has beaten the market with GMO. The people saying in the comments he has been wrong, he hasn’t. He might be early but no wrong. He is a prodigy.

[@77magicbus]

Jeremy hasn't changed his tune since last heard from him. I suspect he will be correct on his bearishness. At least he is honest in admitting he has been consistently early on his bearish predictions. Have him back in a few months after the markets have turned bearish.

[@WeStudyBillionaires]

Thanks for sharing your thoughts!

[@olllloollllo]

I like smart people that keep it real.

[@WeStudyBillionaires]

Thanks for watching! 💡

[@WillHpowers95]

@@WeStudyBillionaires This guy just sounds smart, he’s always bearish. These type of podcast guests will lose your listeners money over their lifetime.

[@olllloollllo]

@@WillHpowers95 What was he been wrong about? He has just recently been pointing out a bubble in assets.

[@jnucleo]

I enjoy listening to the wisdom of Jeremy G. but when he says AI will be with us forever, I take pause and question his logic. Forever is a long time, and a lot can happen in that span!

[@TheRustyLM]

I had no idea the Ferengi were so interested in investing🤔

[@edinson1613]

Rule no 1 of acquisitions, once you have their money, you never give it back.

[@davidday9251]

And… in case you were confused with what “sharp as a tack” still looks like, listen to this “old codger.”

[@pps1223]

He dishes out the ugly truth. No wonder he is unpopular amongst the faint-hearted.

[@WeStudyBillionaires]

Thank you for watching! 🙏

[@11bravo80]

Yep

[@alexmarshall8894]

Look at all the arrogant amateur investors in the comments that think they’re smarter than Grantham. It’s 2007 all over again.

[@shockcityrocker]

One of these centuries he’ll be right. 🤷‍♂️

[@tonymanos363]

To all the comments that eventually he’ll be right… he is WAY past the point of needing to be proved right.

[@kevinwright6522]

Jeremy Grantham, what a legend. Thank you

[@WeStudyBillionaires]

Thank you for watching the video! 🙌

[@bibbidi_bobbidi_bacons]

PFAS as absolutely essential bud…. Or would you rather just let massive Forrest fires etc just go out in their own….? I feel you… bla bla. It’s bad for things but how the heck else are we going to accomplish the positives of pfas???? You seem smart. Let us know

[@jonathanlake4848]

Are you suggesting the native Americans had more advanced technology than us? they dealt with this for literally 1000s of years with proper management. More wisdom less idiocy is the only answer not literally poisoning everything forever.

[@WillHpowers95]

@@jonathanlake4848 lol that guy is just long a chemical maker or distributor. PFAS should be banned today.

[@YTforChrist]

Who was the person he mentioned which has free market reports

[@WeStudyBillionaires]

Hi @YTforChrist, it's John Hussman. Hope this helps! 💡

[@bibbidi_bobbidi_bacons]

People can adopt

[@lesmotley6839]

His comments on death rates japan vs usa are incorrect. The western countries and particularly the US have a large proportion of obese population and they suffered a higher death rate compared to countries like japan and those in africa where people dont live with obesity. It had nothing to do with vaccines and mask wearing.

[@charleskellymoneytipspodca9121]

Amazing interview 👏🏼

[@WeStudyBillionaires]

Thanks so much for watching! ❤

[@alg589s]

I was tracking Jeremey Grantham for over two decades now. He is a man of integrity. However, Despite of all his concern for our planet and mentioning just about every source of alternative energy, he never mention nuclear. Nuclear energy, the full cycle (running a new type of reactor on what was previously considered a nuclear fuel waste,), which Russia not only developed the technology, but already implemented was never mentioned by Jeremey. The only reason this I believe is that it cannot be controlled by the western establishment to monetize all other sources. So, I guess, the concern for the planet has not yet overpowered the concern for profits and power.

[@ScienceInMedicine]

Lol you are funny. Indeed Jeremy talked about nuclear fusion as well. Russia didn't do anything good for this world.

[@ddubsr5886]

I can’t be the only one who notices the hosts shirt matches his eyes red white and blue

[@accqpqp2339]

1:03:00

[@andrewhill1251]

This time is different

[@nikhilpawar9000]

Always good to listen to his perspective as it's backed by experience and reason ....

[@WeStudyBillionaires]

Thanks for tuning in! 🙌

[@IakonaWayne]

Love this guy, he keeps my portfolio anti fragile.

[@brianbirnbaum9760]

You mean by missing out on 90% of the last 15 years’ gains? How exactly has he provided value in convincing you that there’s a permabubble?

[@brianbirnbaum9760]

30 minutes in-has not addressed a single error on his part. He spoke about the internet the same way he’s speaking about AI. Totally and conveniently ignoring this.

[@brianbirnbaum9760]

30 minutes in-has not addressed a single error on his part. He spoke about the internet the same way he’s speaking about AI. Totally and conveniently ignoring this.

[@brianbirnbaum9760]

Jeremy Grantham has underperformed the market at practically all timeframes.

[@kikolatulipe]

Is PE RATIO still important in this market !?

[@pragmatica1032]

Many have asked the same question during previous bubbles. I remember vividly believing (due to compelling arguments) that PE Ratio did not matter in this 'new economy' just before the internet bubble busted. So history tells us that yes it does AND also that yes, you will be able to find compelling arguments to believe it doesn't anymore.

[@davidanalyst671]

thhats what we were debating 6 months before every single crash in history

[@socal2384]

@op I wonder how Jeremy feels about the 1 day crash

[@karlbork6039]

Great history lesson.

[@WeStudyBillionaires]

Glad you think so! 📚🗓

[@marianneomalley2682]

Hussman

[@stevenoliver7120]

The renewable future he envisions will require enormous quantities of metals which are still in the ground and less and less likely to come out due to opposition to mining in general, specific location of mineral deposits near populated areas, reluctance of banks to finance mining projects, increased development costs including fuel, transport, and labor, and the length of time it takes to get a project through the approval and construction process, which can take twenty years.

[@lonzo61]

I used to listen to this fellow. As for climate change, I have been on board with this existing and worsening crisis. As of the rest, it seems he has to keep kicking this prediction for the economy down the road....year after year. If a man talks enough, they will get something right eventually I suppose.

[@AppleSeth]

He says multiples were high as we entered the great depression in 1929. He failed to say multiples were high with the best companies in depths (mid 1930's) of the great depression too.

[@16352huey]

I agree the climate is changing but who is “we” Mr Grantham’s is referring to? “We” and “Everyone” seems a little over inclusive terms to create focus on solutions.

[@firstnamelastname-ys3mz]

English please

[@johntheaccountant5594]

Charging Carbon Tax on corporations doesn't reduce CO2, it just passes on the cost to the consumer to buy the corporation's products.

[@scarsurfing]

It's creating plenty of inflation in Canada!

[@TheBigXav]

I respect Grantham. He is a student of all the stock market bubbles. We so quickly forget the lessons of the last bubble when we find ourselves in the next one. It informs my constant strategy but identifying we are in a bubble doesn’t speak to when it will pop so I never use it as tactical sale advise

[@WeStudyBillionaires]

Glad you enjoyed the episode! 🙏

[@thomasprobst7867]

fun fact: Jeremy predicted the last 87 out of 2 bubbles even a broken clock is right twice a day!

[@MickB52s]

chips will go in Bots to produce cars etc

[@algorhythmy]

it's different this time

[@accqpqp2339]

41:00

[@jonas10x]

The best part is when he goes full tin foil hat old man half way through this interview.

[@Gengingen]

Getting the Timing right is not easy. For example it can be said with 100% certainty that a new-born child no doubt an extreme fringe example will die. But when? 100, 90, 50, 40, couple of days? Who knows? It is the same with natural phenomena like earthquakes. The 2 plates in the Pacific Ocean near the US & Canada all the way from California to Vancouver are at it & the last time they did the “song & dance” to put it mildly was in the 1700’s & the time is ripe. Yet how many are taking that into consideration although umpteen number of people will - if they survive that is - if the quake hits anytime soon. Then the “event” in question is done & apart from aftershocks, another 300 years of fun? 😊 With markets the many pluses & minuses sequencing at varying scales keep crossing out one another & the big one is surely coming but to get the crescendo point right is incredibly hard. Just like mini forest fires controlled burns, if markets keep crashing without firefighter Fed interfering with the burning, that will keep the whole thing going up in flames at a later point in time with the Fed a helpless bystander. Maybe “super successful genius” Trump who screwed up every business he touched including when playing the role of “house” in the casino business he ran - which is not at all easy to do & he accomplished the impossible - maybe that qualifies him to be the Fed? The very last Fed that the US will have? Good look to the US. 😊

[@michael2275]

1:11:56 Chinese patents are not organic or high quality. Pretty embarrassing to cite that imo.

[@YTforChrist]

Your wrong on that...very conservative , strict, loyal, and high standards..unless you oppose those values

[@MariaRosewoodjane]

I have about $250k distributed across various investing accounts, with 35% of my capital invested in an IRA and 25% in index funds. In Q4, 2023, I suffered a great deal. I'm just searching for methods to get better in 2024 right now.

[@EmilyCarter-jy1wu]

Seek out reputable stocks with long-term growth prospects, then follow such stocks. I have discovered that making such excellent decisions requires a deep understanding of the market.

[@user-zf5fg2jl3v12]

Several years bear prediction in the raw finally meets reality every 5-10 year with horrible 10-30% correction ;) Yes, it will be decade long bear market like every 40-50 years. But without Jeremy

[@SSYlist]

It really depends on how truthful the gov is. During Trump time, the count on COVID cases were artificially kept down as per reported after. Now during Biden's time, all kinds of data were artificially kept low. Eg. The recent revision to unemployment. So you have a divergence of real economy & reported economy & all it's discontents etc.

[@stanislavgritciuk337]

I don’t agree with the point that we need population declines. More people we have more minds can solve complicated problems for us to develop the world

[@davidanalyst671]

global warming is horse shtt from root to stem

[@B_M]

He will be right one day. But in this line of business if you get the timing wrong, you ARE wrong, period, and he has been calling for a bloodbath for over 3 years now.

[@royjones59344]

Great interview. My takeaway is that even you you invested at the peak before any of these calamities you'd be far better off today.

[@WeStudyBillionaires]

Glad you enjoyed the video! 🙌

[@robharris5658]

Jeremy Grantham: Always right about the climate forecast; usually wrong about the weather.

[@nicholas5396]

Legend

[@WeStudyBillionaires]

Thanks for the tuning in! 🙌

[@PierreMarch]

I hope that cornucopians and permabulls listen to this.

[@brianbirnbaum9760]

He is just as bad as a permabull. If you can’t understand that then you are doomed. I’m sorry, let me correct myself: you’ve already been doomed. Had you listened to him for the last fifteen years you would be permanently behind americas wealth creation with no hope for recovery in any way shape or form. He is a snake oil salesman in the same way a perma bull is. Zero difference. Zero nuance in statistical analysis. Zero insight. Zero introspection or ability to acknowledge his errors.

[@RWROW]

Jeremy Grantham is extremely rational and pays attention to, and analyses well, quantitative facts. Hope my mind is as a tenth as sharp if I get to his age.

[@WeStudyBillionaires]

Glad you enjoyed the interview! 💡

[@accqpqp2339]

9:00

[@LukeAdam-Jones]

Desiree Ruth Hoffman

[@michaelfriend3990]

I'm going to listen to this and do the absolute opposite

[@abhinavmenon9140]

Nobody cares.

[@sacha_msky]

why ??

[@ddubsr5886]

Sounds like you want to make a lot of money

[@KenjiEspresso]

@@abhinavmenon9140I care bro

[@mattinterweb]

@@sacha_msky because if you had listened to Grantham over the past 15 years you'd never have made any money. He'll eventually be right, but in the meantime you have huge opportunity cost.

[@davidday9251]

Jordan Peterson… This is how to conduct an interview. Listen.

[@WeStudyBillionaires]

Glad you enjoyed the interview! 🙌

[@mrmurky1118]

Thank you for the content. Was an amazing interview with a legend. But around 1:07:00 he really went in on big specialty chemical. 🤣

[@WeStudyBillionaires]

Thanks for tuning in! 🙏

[@JJoy225]

Nobody likes a pessimist the same way nobody likes contemplating death. And that is exactly why humanity continues to make the same mistakes, time and again.

[@charalambosmichael4678]

at 12:00, whose data does he quote? I didn't catch it.

[@thenewguy6839]

John Hussman

[@MarketMakersOfficial]

John Hussman - has a website and analytics

[@MassimoX]

PERMABEAR

[@jeremyparkphotographer]

alot of sense, but maybe stupidity rules and we are all screwed on finance and climate... a global wealth tax for individuals and super profit tax companies needed as a starter

[@brianbirnbaum9760]

Jeremy Grantham: YOU WILL NOT BE WARNED Last 15 years: I AM WARNING YOU

[@asknwclips7672]

lol, warns about overpopulation and then complains about falling populations.

[@BuddyIsreal352]

This old bag makes one of these doom and gloom videos per year.

[@brianbirnbaum9760]

So Clay, you agree that we’re in a bubble? So essentially you just agree with whoever is on your show?

[@momofomomofo]

this guy clearly gets turned on from being bearish

[@WillHpowers95]

You get this guy is saying there’s a bubble 99% of the time right?

[@domdom7084]

I'm all up for going green but the way we go about it scares me and ushers personal carbon tax. There's a good idea to force corporations to deal with it but lowers that be just don't want it to happen. Until we change the laws that corporations' prime responsibility it towards the human race and not the shareholders. I'm sure then the marvels of human ingenuity and cheap, effective solutions would make all our lives greener. So far, the idiocracy prevails over win win attitude. And leave the animals alone...

[@justinbeghly1435]

Same thing he’s said for five years

[@jackgoldman1]

Best portfolio in history, one million dollars each in stocks, bonds, currencies, gold, real estate, five million net worth. WORST portfolio in history one dollar each in stocks, bonds, currencies, gold, real estate, five dollar net worth. How much I have matters.