466 TIP. The Current Bear Market w/ Jeremy Grantham

We have a very special guest today and that is investing legend Jeremy Grantham. Jeremy is the co-founder and Chief Investment Strategist of Grantham, Mayo and van Otterloo or more commonly known as GMO - a Boston based asset-management firm. I last spoke with Jeremy almost exactly a year ago on episode 371 and I highly recommend you revisit it to see how prescient his predictions were at the time. In this episode, I wanted to get Jeremy’s thoughts on how the markets have materialized since we last spoke, but I also wanted to dive deeper into his knowledge around climate change.

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:16 - Where Jeremy thinks we’ll go from here
00:05:26 - Why he believes rates will climb higher for longer
00:15:52 - How today’s market and economy may start to resemble the stagflation of the 1970’s and 80s
00:24:19 - Why important resources are in short supply
00:42:13 - The best technologies fighting climate change
00:59:52 - The risk in Emerging and other markets outside of the US

Jeremy is one of my all time favorite guests to have on this show and I know you will enjoy it as much as I did. So, without further ado, here is my conversation with Jeremy Grantham.

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[OrangeTree]

It so hard to find the original interviews. Glad I found this one.

[jbwentworthe]

Does Mr. Grantham stand with the W.E.F. proposals for the needed "Reset" now at the center of attention?

[kkiller]

Wow. There are more spam/scam comments than legitimate ones. That's absurd.

On a different topic, he is broadly correct about agriculture. But I doubt he understands it well enough to propose a solution.

[jbwentworthe]

Anyone who has paid attention during their 4th grade, knows energy and food production are inextricably entwined. The shock of Sri Lanka is that those who were responsible for agricultural policies had no clue about the role fertilizers play! How did such incompetent people come into leadership roles ? There is an epidemic of similar "leadership" across the collective Western governments today. Igniting a global food shortage, to move "clean" energy visions forward seems a bit imprudent - unless the citizens of today are expendable for the "public good" of tomorrow? Perhaps the "Green" energy technologies will mature and fill the needs of today's Western living in a couple of years - but what if it takes 20 yrs ? What happens to our way of life in the mean time ? A return to the "Stone Age" ? Last week, German's were being told to chop wood for energy and give up hot water and electric lights. When did cutting down those trees (we were told to hug} become a good thing, and the improved hygiene from hot water become irrelevant ? Would appreciate some clarification on these issues. Thank you. Sarasota, Fla.

[meyroakabigrem]

Such a smart guy. Yet he got it so wrong on Bitcoin.

[kimpowellart]

What a brilliant guest regardless of not understanding BTC. But hearing he is against BTC is good as it makes me question my own assumptions and where I might have blind spots.

[porpentosa]

At about 28:00 on Lithium: I thought there was no potential shortage of Lithium as a natural resource, and that the bottleneck was the post-extraction processing. Still a bottleneck, but not as bad. If my memory is right, that is what Rick Rule says.
At the end, "get an EV": yes... Provided the power generation mix of the area you live in is reasonably carbon-free ( Scandinavia, Canada, France, etc.)

[Rotellian]

Sadly doesn't understand Bitcoin.

[un-confiscate-able-money]

He did so good up until his comments about Bitcoin

[jad]

It's quite amazing that "humanitarians" all talk about future generations being saved all the while saying it might be "our saving grace" watching billions of people starve or freeze to death, so those poor people (let's be honest, they're sacrificial lambs) don't use up all the natural resources. Must be nice to sit atop the Ivory Tower. Malthusians always look at it from the angle of the benefactor, as opposed to sacrificed. No wonder he talks negatively about Bitcoin.

[NastyDevil]

Elon steals his engineering ideas from Jeremy Grantham

[sommi]

❤💛💚💙 tldr; "the worst is yet to come. worst Depression in human history. -90% stock market. I love my FIAT stablecoin USD, its amazing even though they print a shitload of it"

[michael]

No understanding of the massive role bitcoin has to play in the future.

[dijayus]

I actually love that such a wise sounding person has such a terrible misguided and uneducated perspective on Bitcoin. If he had a real valid argument against it I might have been concerned. Seems a bit hypocritical for someone preaching about the folly of hubris.

[slydawwg]

Do u not see ? the desperation between these guys ? & what there're really talking about ? So tired of this financial hate, & what they really mean. Up to you to shut them down---- Anyway

[RainerMirau]

someone understood btc here, not. he is a wise old man, appreciate his opinion. but only in fields where he knows what he is talking about. an bitcoin is something he knows nothing about obviously. so why ask him about his opinion?

[sarros]

WTF!!!!really he has this kind of opinion about bitcoin????

[bvh]

This poor old man is so wrong about bitcoin that it is embarrassing..

[rammachiraju]

Big fan of TIP. But a lot of garbage which is as mainstream and as ridiculous as Keynesian economics is talked about regarding climate change. Either bring the other side experts who are heavily censored and ridiculed (like free market economists vs keynesian ones) or stop getting into non-investing related topics please.

[marcusryan]

Despite the economic downturn, I'm so happy☺️. I have been earning $ 16, 700 returns from my $3, 530 investment every 13days.