We live on a finite planet. We have finite resources, and we're running out of good, arable land.
Jeremy GranthamSome societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think thereโs a housing bubble and youโll have a reasonable discussion. Tell an Australian and youโll have World War III. Been there, done that!
Jeremy Grantham...how little our side of the industry did to move its business to the more ethical firms and to make a fuss about conflicted or unethical behavior. Had a number of us moved our business, we might have slowed or even stopped the 30-year slide in conflicted, unethical behavior that we have experienced. I, for one, regret the modest nature of our moves. We all could have done more. We have tolerated a pretty nasty decline in standards. Shame on us.
Jeremy GranthamRemember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.
Jeremy Grantham