I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.
Jeremy GranthamThere is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
Jeremy GranthamYou don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.
Jeremy GranthamBy background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.
Jeremy Grantham