There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
Jeremy GranthamProfit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.
Jeremy GranthamWe live on a finite planet. We have finite resources, and we're running out of good, arable land.
Jeremy GranthamAlthough value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.
Jeremy GranthamYou don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-growing countries should give you the highest return. They simply don't. But, there's only four of us- that- that believe that story. Everyone else in the world believes that if you grow fast like China, you'll outperform in the stock market.
Jeremy Grantham