Jeremy Grantham Interview

[The Masked Tulip]

AvidFan posted this link over in the financials forum. It is a 30 minute interview but it is an interview with investor Jeremy Grantham.

He has called the banking crisis and said banks would fail, he then stated that the S&P was 30% below value and was proved right so it is worth listening to his views on what is now going on re inflation, deflation, commodities, the housing market, etc.

He says that low IRs are doing more harm than good and taking money away from retired and near-retired who would actually be spending if they had good IRs on their savings.

"It's a dangerous game" - I get the impression that he is leaning towards cash but he says you might get another year or a few more quarters of stock market rises to come but his general emphasis is that we are in a massive stock market bubble that will eventually burst and will probably be worse than the last one.

http://www.cnbc.com/id/15840232/?video=1640401359&play=1

Edited November 11, 2010 by The Masked Tulip

[Tired of Waiting]

AvidFan posted this link over in the financials forum. It is a 30 minute interview but it is an interview with investor Jeremy Grantham.

He has called the banking crisis and said banks would fail, he then stated that the S&P was 30% below value and was proved right so it is worth listening to his views on what is now going on re inflation, deflation, commodities, the housing market, etc.

He says that low IRs are doing more harm than good and taking money away from retired and near-retired who would actually be spending if they had good IRs on their savings.

"It's a dangerous game" - I get the impression that he is leaning towards cash but he says you might get another year or a few more quarters of stock market rises to come but his general emphasis is that we are in a massive stock market bubble that will eventually burst and will probably be worse than the last one.

http://www.cnbc.com/id/15840232/?video=1640401359&play=1

Thanks TMT/AvidFan,

Great video. Brilliant. A very wise man there. Highly recommended.

[Confounded]

Thanks TMT/AvidFan,

Great video. Brilliant. A very wise man there. Highly recommended.

Well worth taking the time to watch.

[Meat Puppet]

Don't tell me he is getting into the market timing game as well.

Grantham is brilliant at predicting the relative returns, and not so bad with the absolute returns, of asset classes over longer periods, and I hope he isn't going to throw away a successful career by predicting crashes.

[Oliver Sutton]

Sounds like a Keynsian.

[Tired of Waiting]

Don't tell me he is getting into the market timing game as well.

Grantham is brilliant at predicting the relative returns, and not so bad with the absolute returns, of asset classes over longer periods, and I hope he isn't going to throw away a successful career by predicting crashes.

He is talking longterm, from a few quarters to a 10 or 20 years horizon.

It is very good. Definitely worth 30 minutes.

[Toto deVeer]

Yes but when listening carefully he really didn't commit on anything, other than a 10 to 20 year time frame for certain types of land. Everything else was hedged with 'ifs' and 'buts'.