“Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that!” ThinkingWorldTwoWarDonePicksOptimisticDiscussionWar Of The WorldsReasonableAustraliaWorld War IiBubblesWorld War IHousingAustralianBeen There Done ThatHousing Bubble Author:Jeremy Grantham
“You 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.” IfsWorldGivingShouldBelieveCountryStoriesSeemsStrongGrowsGrowthLinesFourGrowingLike YouReturnHighestChinaMaking MoneyCorrelationGdp Author:Jeremy Grantham
“The 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.” IfsWorldNeedsHelpingValuesNaturalEnvironmentBehaviorResourcesRatePermanentNatural ResourcesNew Environment Author:Jeremy Grantham
“Think 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.” PeopleThinkingWorldGivingTodayRecordsCrisisFinancialProfitCreditEarningUnemploymentMarginsFinancial CrisisWorld RecordsProfit Margin Author:Jeremy Grantham
