The Meb Faber Show - Better Investing Jeremy Grantham, John Arnold & Sam Zell Share Their Most Memorable Investments | #581
May 2, 2025
Join legendary real estate investor Sam Zell, along with renowned investors Jeremy Grantham and John Arnold, as they share their most memorable investments. Zell reflects on pivotal decisions that shaped his career, revealing the unexpected success of mobile home parks. Grantham and Arnold discuss the rollercoaster ride of investing in cutting-edge technologies like QuantumScape. Their anecdotes offer valuable lessons in navigating the unpredictable world of finance, blending innovation with strategic risk-taking.
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Grantham's QuantumScape Investment
- Jeremy Grantham invested heavily in QuantumScape for its solid-state battery potential, improving Tesla performance drastically.
- Despite the hype and price surge, the stock collapsed, reflecting massive paper wealth loss due to market overvaluation.
QuantumScape Update by Grantham
- Jeremy Grantham sold most of QuantumScape stock when possible, watching the price fluctuate.
- He remains optimistic about the company's solid-state battery breakthrough despite temporary setbacks.
Arnold's Countertrade of Amaranth
- John Arnold bought Brian Hunter's huge natural gas position as Hunter's hedge fund was forced to exit.
- The position was far too large and contributed to Amaranth Advisors' collapse amid regulations and market chaos.