On today’s episode, Clay Finck is joined by investing legend and bubble historian, Jeremy Grantham. Jeremy gives his updated views on the recent stock market run up, how today’s market compares to market bubbles of the past, and indicators that point to the potential bear market that lies ahead.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:49 - Lessons Jeremy learned from his early career investing in the 1960s.
06:13 - How today’s market compares to previous superbubbles in the 1920s, 1989, 1999, and 2007.
12:11 - Jeremy’s view on the market rally since 2022, and the impact of the overcentration of the Magnificent 7 in the S&P 500.
17:40 - Why bubbles tend to last longer than we would expect them to.
31:56 - Whether using the P/E ratio is a reliable way to value the broader market.
36:29 - The major flaw in projecting compounding growth into the future from here.
44:55 - What Jeremy is seeing for innovation in the green energy space.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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