Capital Allocators – Inside the Institutional Investment Industry Jeremy Grantham – GMO (Manager Meetings, EP.01)
Jul 8, 2021
Jeremy Grantham, a legendary investor leading GMO with $60 billion in assets, shares his insights alongside Alex Shahidi, Co-CIO of Evoke Wealth. They dive into the current market bubble, discussing its uniqueness and the implications of climate change on investing. The duo explores value investing's resurgence, the promise of emerging markets, and the critical need for sustainable financial strategies. Additionally, they highlight the advantages of venture capital in green technology and the influence of inflation on investment decisions.
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Climate Change Impact
- Climate change will cause major global issues, destabilizing countries and impacting habitability.
- Focus on influencing others and promoting green initiatives to mitigate these long-term risks.
Promoting Climate Action
- Advocate for climate action through personal and professional influence.
- Vote for politicians who prioritize environmental protection as a form of sensible defensive spending.
Unique Market Bubble
- The current market bubble is unique due to high P/Es despite poor economic conditions, driven by central bank and government intervention.
- This creates an unusual dynamic where the real world and the paper world of asset prices disconnect.