Although 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 GranthamI believe the only things that really matter in investing are the bubbles and the busts
Jeremy GranthamModern agriculture has been accurately described as a way of turning oil into food. As the price of oil continues to rise, so will the price of food.
Jeremy GranthamThink how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.
Jeremy Grantham