Merryn Talks Money
Jeremy Grantham Says No One Should Invest in the US
Oct 5, 2023
Jeremy Grantham, renowned investment strategist, discusses the US investment landscape and warns of the vulnerability of the Russell 2000 due to rising rates and zombie companies. He analyzes the bond market bubble and its consequences for governments, explores the existence of a financial bubble and strategies to navigate it, emphasizes the importance of bravery in investing, and discusses the relationship between inflation, interest rates, and the stock market. He also expresses skepticism towards Bitcoin and advocates for gold as an inflation hedge.
58:17
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Quick takeaways
- Investing in quality stocks in the US market, particularly outside of the Magnificent Seven (tech giants like Apple and Amazon), is a recommended strategy.
- Investing in global markets outside of the US, such as Japan, Europe, and the UK, provides an opportunity for reasonable investments.
Deep dives
Investing in Quality Stocks in the US Market
Investing in quality stocks in the US market, particularly outside of the Magnificent Seven (tech giants like Apple and Amazon), is a recommended strategy. Quality stocks have historically outperformed in bear markets and provide a free lunch in terms of stable returns and lower risk. The US market as a whole is overpriced, but quality stocks offer a more reasonable investment option.
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