Capitalism believes that its remit is exclusively to make maximum short-term profits.
Jeremy GranthamYou can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?
Jeremy GranthamI would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.
Jeremy GranthamThe world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.
Jeremy GranthamThe potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years.
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