GMO's Jeremy Grantham | Investing Legend Interview
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- Опубликовано: 28 сен 2024
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We have a very special guest today and that is investing legend Jeremy Grantham. Jeremy is the co-founder and Chief Investment Strategist of Grantham, Mayo, and van Otterloo or more commonly known as GMO - a Boston-based asset-management firm. I last spoke with Jeremy almost exactly a year ago on episode 371, and I highly recommend you revisit it to see how prescient his predictions were at the time. In this episode, I wanted to get Jeremy’s thoughts on how the markets have materialized since we last spoke, but I also wanted to dive deeper into his knowledge around climate change.
Jeremy is one of my all-time favorite guests to have on this show and I know you will enjoy it as much as I did. So, without further ado, here is my conversation with Jeremy Grantham.
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On We Study Billionaires, I chat with Jeremy Grantham about his thoughts on how the markets have materialized since we last spoke. What are your takeaways in our discussion?💭 - Trey
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At what date was this recorded please? Thank you!
@@dimitrivancamp1013 I second this request. It's very important to know. Since, I believe, you said that the s&p was down 20% Year-to-date, but as of July 29th it had rebounded and was only down ~15%..
Thank you.
Hi there. Great piece! When did you record this? Mid July or so? Thanks.
Why would you call this guy right? He was an year early to shorting the market, calling for it to crash back in 2020. Being early is called wrong.
Milton Friedman never talks about short term profits I don’t know why he interprets it that way but that is completely false. When you talk about profits you always think of long-term profits , Only the corporate communist left wing public organizations think about short term profits.. This guy is completely wrong about that and many other things.
Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
@@theresagarcia1218Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
@@mayacho4910who would you endorse? I've been in the shadows for too long.
@@helenoliver4838 My consultant is 'PRISCILLA DIANE AIVAZIAN" I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online with her name if you care about supervision. I follow her trade pattern and haven’t regretted doing so.
@@mayacho4910 Thank you so much! Found her webpage and left a message. Hopefully, she responds.
Here's a brief summary of the interview:
5:39 On the bear market: "It would be unusual for it to bottom out anywhere near this high. I would expect that by the low that the S&P would’ve declined by 50%... A year from now, when the bear market might end, the trend line value would be almost 3000 on the S&P [currently 4100]. Of course, there’s no rule that says you stop at fair value."
11:52 Federal Reserve: "I expect the Fed to be behind the curve, to be deep into optimism and it doesn’t really have a clue about market bubbles and the damage they do when they break."
20:38 Risk of 70's style stagflation: In the long term, global labor is more expensive as the percentage of working-age people falls and commodities become more expensive, in part because the cheapest sources have been depleted
27:21 Decarbonization is necessary, but everything exposed to decarbonization will be in short supply unless alternatives are found
42:50 On societal decline: "As a society, we show all of the signs the failing societies in history have shown."
New technologies such as nuclear fusion may solve global climate change, which would be easier than changing people's behavior
Thanks !!
A better summary would have been to just link the original interview Bloomberg hosted that this guy shamefully spliced out and replaced with him asking questions that sounded like they were talking to each other
I know is best to invest in safe heaven assets cos profit level usually drops in these times, but I have been reading articles of people that were still able to gross heavy profit up to $400k during this crash...... what is the best strategy at this time
In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead then look into Bonds, Index Funds, ETF & Bitcoin. Just keep DCA every time you get paid. My portfolio has returned over $600k even in this tremulous time. Credits to my Financial-Advisor “Natalie Paige Harwell” whose skills in portfolio diversification is unmatched and client-centred. Invest in high quality companies stocks. As blue chip stocks will outlast recessions & Some will even grow during recessions.
@@Steyne968 This is massive, congrats! well my 401k lost everything it’s gained since early 2019. Sigh, wouldn’t mind looking into the adviser that guides you, I’d really love to grow my reserve seeing I should be retiring in 3years.
@@chrismillson2779 Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
🤯 Listening to Grantham has always been an excellent use of my time! Thanks for having him on 👍
p.s the look on Trey's face when Jeremy talked about Bitcoin 🤣
b5
t.
search Bloomberg Front Row with Jeremy Grantham. You'll find he's stolen that interview, then cut out the other dude talking and asked questions that made it look like he was actually there and Jeremy was responding to him
You have to have Jeremy each year (better if more) for his comments on the market. I don't think there is anyone else who can better present micro and macro views in a combined and concise manner as effectively through the lens of time. What a gem.
He didn't get him on the first time. Search Jeremy Grantham Bloomberg and you'll see the actual interview he did with someone else. This guy has just spliced out those parts and made up questions to make it seem like he was actually interviewing him but he most definitely wasn't. It's such brazen fraud you have to see it to believe it.
"Sociopathic Capitalism". Very interesting to hear that out loud. That's a topic that needs exploration as it diminishes long term growth.
He’s quite brilliant and very generous with his time. Great interview, thanks!
Great content in your channel, Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how
These strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
The one effective technique I use is staying in touch with a financial coach for guidance, it might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market during the pandemic and raise a profit of roughly $170k within 3 months of investing
@@Natalieneptune469 I read inflation is over 10% but as we know it's definitely way more than the media would like to admit, my plan to earn more passively and ride this out, can you investment-advisor assist?
@@cuddyb9631 Sure, the investment-advisor that guides me is Susan Agnes Hancock, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@Natalieneptune469 Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.
An amazingly well grounded fount of knowledge. Have to admire Grantham for his modesty and willingness to put himself out and be clear about his prognostications and positions.
Another banger from T.I.P. What a pleasure to listen to Grantham. While I don't agree with all his investment theses and values unpacked here, this is one episode I'll be bookmarking and returning to down the line, to really absorb all the knowledge dropped. The caliber of investment wisdom in this channel and view into the minds of so many of the greats, is pretty unparalleled across all sorts of media that's out there
Thank you so much for the support!
Banger from Bloomberg* which this guy shamelessly stole and spliced out the other interviewer to make it seem like he was doing it
This is the best interview! So refreshing to hear a sequence of talks--and so insightful!
Thank you so much for watching, Suzanne! Glad you enjoyed it.
4:06 The current bubble started to lose air long before the end of 2021
4:17 The first half of this year is about as fast as stock markets ever declined
4:24 The first four months (January through April) was the fastest decline in the S&P since 1939 (right before World War 1)
5:56 I would expect the S&P to have declined by 50% from the high in real terms (taking into account inflation)
6:20 A year from now when the bear market might end
6:52 In 2000 the S&P came down 50% to fair value
7:18 Adjust for inflation (when figuring out where S&P will bottom)
7:23 With inflation at 8 or 9% it moves the nominal value of the S&P upwards
8:49 It's hard in a bull market to get you brain around what happens in a bear market
8:57 Amazon in the 2000 bust came down -92%
9:40 80% of the time the market is sensible with estimating value...15% of the time it gets carried away with optimism
10:15 Every bubble takes place during near perfect conditions and market thinks it will continue
10:33 5% of the time the market gets carried away on the downside, being completely irrational
11:12 In 1974 and 1982 the market got down to 7x PE
11:53 I expect the Fed to be behind the curve and it doesn't have a clue about market bubbles
12:21 Bear markets go along with bull markets
12:37 The Fed's record is terrible and the market is incredibly forgiving to them
14:27 The growth rate has slowed since Greenspan, was 3.5 before, 2.5 after, and today 1.5
14:45 Superficially, asset prices went up because inflation came down and rates were allowed to come down
14:58 Low rates make leverage cheap and private equity deals easy and profitable, pushing up real estate and stocks
15:25 It pushed down interest rates and increased inequality
15:41 The degree of inequality in the U.S. does damage to the economy, and that's why our growth rate has slowed
Jeremy is the rare honest man of character 💥
I fully agree with you mate
As a huge fan of Jeremy Grantham, I hate to call him out. He was literally lying through his teeth when he said China does not have a birth rate problem. China is among one of the top 5 or top 3 countries with the worst birth rate problem. Every single ethnic Chinese Demographer professor around the world, other than those in China, have been sounding the alarm bell in the past 5 to 10 years that even the Chinese government's dire population numbers and projections are quite tame to actual truth.
@@kennethli8 I got the same thing but he seemed to back pedal and say that their birth rate was something like 1.4. Even now chinese will abort female babies. Due to the decades of the one child policy they have a shortage of females. He’s also trumpeting climate alarmism.
His commentary on the environment is interesting. I know a lot of people probably get pissed off but I enjoyed hearing it.
Absolute legend, brilliant interview 👏🏻
Thank you so much!
Listening to this a second time. So much valuable information to unpack here.
Great interview and great channel. I didn’t know you existed. But you’ve invited this amazing guest, he’s one of the very best, so I subscribed to your channel. Great stuff. Thanks.
You should probably consider unsubscribing then. He's just stolen this interview from Bloomberg (search Jeremy Grantham Bloomberg to see the legit interview). This guy is a shameless fraud
Amazing interview. I truly believe that Grantham has a great vision. In my case, I’m tracking the development of Aker Carbon Capture.
so great to listen to Mr Grantham.. thank you for this great interview.
Jereny Grantham for President.
Great interview. Thanks
Thanks for an excellent interview
Excellent interview. Mr. Grantham is such a dependable source of economic/financial information at a high level. I especially enjoyed his blunt message at 1:04:45 regarding Bitcoin. I share his sentiments precisely. But high-level views can't tell us what happens in the short term. BTC could be around another year.
I love how taken back Trey was with Jeremy's comments on bitcoin. Very funny.
I hold bitcoin but it would be great to see TIP provide a more balanced/realistic view on bitcoin. Everyone they tend to ask/comment on bitcoin tends to be either pro bitcoin or on the fence.
It's relieving to see a bc advocate open to hearing counter arguments. The more we let our ideas be challenged, the closer we get to the truth. My only question is, how does one accurately determine a fair value for such a speculative asset?
@@vvolfflovv However much money central banks pump into cryptocurrency is the fair value.
@@vvolfflovv Hard to do by traditional metrics. You need to value the network effect of bitcoin and then compare to other markets of quote-on-quote finite assets like gold etc. It is comparing apples to pears but it gives you an idea. Long story short, if the network keeps growing and the user adoption keeps growing- not an issue. Just don't ruin yourself and allocate what you can afford to loose or take a 50% drop in overnight and not loose sleep. Best of luck!
Jeremy is brilliant as always.
Thanks for tuning in, Selma!
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Building a good financial-portfolio has been more complex since covid, so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@bobbygunz9254 That right, I started investing sometime in 2018 and by late 2019, I pulled a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by the financial advisor I use, so you don't necessarily need to be a perfect investor or do the hardworks, just have a professional guide you.
@@carter3294 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
@@claradidi7573 The advisor I use is Wendy Helene Bennett, she's actually quite known, so you could just search her
@@carter3294 Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
I would like to listen to a panel with Grantham and Geoffrey Sacks
CO2 control over all else ignores the importance of human productivity to the health and well being of us all, and assumes that climate change is supreme in those matters. Cheap and plentiful energy has brought us out of poverty, which until now had been our natural state.
"Plentiful energy has brought us out of poverty." Yes, absolutely correct. "CO2 control over all else ignores the importance of human productivity to the health and well being of us all, and assumes that climate change is supreme in those matters." I disagree with you here. Climate change will cost us trillions as it negatively effects every aspect of life on earth. Additionally, solar energy is the lowest cost source for generating electricity today. Yes we need batteries as well, and as battery production ramps up exponentially each year, the cost of batteries will continue dropping. In the meantime, use fossil fuels to back up renewable energy production and ramp renewables as fast as possible. The cost of renewable energy and batteries will continue dropping in the future which means energy costs will go down over time in the future. This is a huge win for humanity, capitalism, and democracy. No more dictators propped up by oil revenue! Goodbye Russia as a world power. Goodbye oil spills and air pollution. Tikkun Olam, heal the world.
Thank you so much for leting e very one know
what Mr Grantham describes eloquently is why the old system of agriculture and energy cannot persist without huge issues. Fortunately, this like Malthus before him, ignores very significant energy and materials systems shifts in our energy and materials production systems. In all this, and there is not a single mention of Precision Fermentation. Strange, given he does have a tech venture fund. Precision Fermentation is an entirely new and more efficient way of producing essentials molecules and proteins we design and has at its core the collapsing gene sequencing costs. Whether he likes it or not, and he likely would, its coming due to cheaper price.
You lost my interest with all the talk about human caused climate change. We understand a tiny amount of the total open system that is climate. Just because one can correlate some human activities to increase in temperature doesn't mean those are the major factors. They certainly don't explain the ice age nor interglacial (thawing) period before the invention of the combustion engine.
💯👍🏻
Thanks for this
Although I like Jeremy , I don’t agree with his opinion on climate change and organic production, I think he’s naive and has been taken in by the climate cult and other sinister agendas associated with it .
🤣
He said we have to “get religion” more than once. That’s the problem. It’s a religion and he dismisses people who bring up all the failed predictions from the climate prophets. It’s not that we don’t have a climate problem, but that we have leaders who have destroyed trust in our institutions. Btw the only reason the “compliant” population of Japan exists is because of the strength of the US.
When was this recorded
An excellent 2 hour investment of my time. From an another old fogey...
I have to disagree with him on this global warming idea. All the predictions were that by 2000 Manhattan would be underwater, and many other predictions did not come true. Too many to list here but not one. I learned modeling and at best it's for predicting future events with inputs to a formula or formulas. These inputs are educated guesses by very smart people but can be manipulated for certain outcomes. I went to Martha's vineyard, the gulf coast, and the west coast and ask people that have been there thie whole life's and not one said the water on the coast line had risen at all. So look at the results of any claim and see if it has any validity
Brilliant man though he is myopic on new technologies like crypto especially Bitcoin.He reminds me of Warren Buffett missing in Tech giants investments.
great interview
Thank you so much, Bobby!
He doesn't understand why the birth rate is down? Unbelievable, we took women out of the home, put them to the grinding stone and then gave them birth control pills so they miss fewer days of work; what do you think would happen!
All hail your Malthusian overlords.
Inequality might explain the intensity of the US political schism as well.
When I was like 8 mid 70s they showed us shows in class there be no gas in world by 1985 lol 😂
Will go down more
Gold in seventies went up will it again?
The biggest threat is usa exceptionalism. Understanding soil is important. Self awareness is essential
Canada produces more potash than Russia and Belarus- fyi.
46:30
Jeremy Grantham- a friend of Fracking
Japan also has one of the healthiest populations in the world with one of the lowest levels of obesity and heart disease. This is why they had a significantly lower Covid death rate.
Long term - very long term - usually right but short/intermediate term - no joy. JG's problem is that by the time he's right everyone forgot when he said what he said and how many times he said it.
Mr Grantham. You have a broad perspective. What is your purpose?
Why don't any of these interviewers of Grantham, Buffett, etc; ever call them out, for the raging hypocrites that they are, when they go into these diatribes about "sociopathic capitalism", etc. This doesn't even pass the "giggle-test" with me..considering how immensely wealthy, people like them are.
You can't grow this much food with nature alone. Dude has no idea about the agricultural revolution. He's preaching the starvation of billions of people.
The agricultural revolution appears to reached a plateau, his point is that the usufruct is being wasted, and cannot be reclaimed
@@davidcoard1978 but then he talks about the decline in population. So less people mean you need less resources
Sri lanka
@@VickiSchwarz Yup, boy was that a failure
Population is not the problem. More people = more technological breakthroughs. The Texas grid is disconnected from the other states on purpose. They want it that way, but planned poorly.
new economy, new climate, or maybe, same cycles in both
Turned into an ESG lecture
He has been compramised.
Agreed, he’s hook, line, and sinker on the climate propaganda.
Of course boomer would hate bitcoin
Everything else was on point tho 👌🏾
Silent Generation* , they really hate Bitcoin lol
We have lost lives births for many years, so we are in a lull period no matter what we do.
Mr. Grantham. Stick to what you know. Not need to think you’re an expert on everything , like Climate. As very few of these predictions you talk about 20 years ago have actually be accurate : from Polars bear decimations, to sea level disasters, to Polar Ice caps disappearing, to how dangerous CO2 is in the atmosphere ( which you know less than nothing!).
His take on Bitcoin is interesting. He is a deep thinker, but maybe not deep enough on this topic. Even though the energy efficiency of mining BTC is poor, he is not thinking about the legacy system that it replaces. That generates a lot of electricity as well. All those banks, all those computers, the staff commuting. Transacting is not expensive. He may however be correct in that a Proof of Stake system will be the future, as this is much more energy efficient.
This question has already been studied several times. Conventional finance costs exponentially less on a per transaction basis (the one that matters) when compared to any cryptocurrency. Conventional finance uses far more energy in total because it facilitates exponentially more transactions in total.
A weather wacko. Sir, it's weather! It always changes.
I thought hydrogen gas engines is the way towards the future.
Lost me at esg. One volcano eruption put out more gases than humankind does in a year.
Genial
Obesity and climate change are related
2008 Will look like a JOKE!>
World War One!? You’re not that old Jeremy. 😆
Everybody needs to tighten their belt the coming decades will be stagnation and low growth and population decline
It was moronic and dishonest to suggest that Bitcoin could reduce wealth inequality. I hope you were well paid by your sponsors to utter such nonsense.
They need the fish to bite before they pull it in.
Jeremy is the sexiest man alive (I mean from a financial perspective). ❤️❤️❤️❤️❤️❤️💗💓💗💘💖💘💓💗💘💖🔥🔥🔥🔥👍👍👍👍👍
The"market" wasn't anywhere near fair value in 2009. Jeremy doesn't seem to recognize how much the FED has distorted and destroyed the real economy and the currency.
He's got a strange outlook about oil fracting.. You destroy the environment just to get the very short term flush production.. Not a good idea.. Fracting destroys formations, water tables, etc.. With explosives, hot oil, acid jobs, etc.. All not good
Environment….sheesh! Money grab. I’ll be eating red meat for life. It’s what caused our brains to grow so large.
Oh do you stop it with the climate clap trap
I like Jeremy but his climate BS makes me want to barf. PLANTS eat CO2 and natural gas like an athlete eating protein. No CO2 no plants. Grade 3 science.
He lost me at Tesla is great company. It's a massive fraud.
Can't fault his economics but he drunk the Koolaid early and his climate and diet doesn't stack up if you research deeper than reading a book someone else wrote. He is right though we have many trials and tribulations ahead.
This man was born in 1938. Check yourself.
Jeremy, the world does not need your help. Take a look at a farmers almanac, the weather has always changed over time, floods, droughts etc ... Humanity does not need your help, run your own life.
Is Jeremy a genius or just stating the obvious? He's a green loony anyways and probably gets great satisfaction at the current state of affairs.
Grains instead of meat? This has lost all credibility. This is nutritional propaganda.
Nonsense
His views on bitcoin is so misguided. Sad, but not surprising based on his age.
No, they're quite on the money. I think he doesn't realise how manipulated the space is however (see Tether). I remember before I properly looked into crypto that there was a perception of all these old people with this critical perception were simply too old/behind the times/etc. What was really going on is that they have a fundamental view of these things, and the fundamentals didn't line up, and still after over a decade later, fail to do so. The deliberate abstraction, self-delusion, etc of the utility of cryptocurrency aligned with what my initial perception was when crypto was first introduced. The currency exchange facilitation being the largest potential use case then, and remains so today, as mentioned by Jeremy.
Speaking of hubris, Jeremy thinks his expertise in the casino (stock market) gives him insight into how to run the world. Typical Davos narcissist.
This guy talks about humans like he’s not one. LOL
What a buzzkill, Jeremy, try smiling once in awhile. BTW, your fund GBMFX returned 19% total since 2003
Last year in the Bloomberg interviews he was predicting almost a typical bubble busting 80/90% drop in the S&P, now its 50% - so what has changed?He doesn't say and the interviewrer doesn't ask him.
Link the article with prediction of 90% bust. I follow him closely and it's always been around 50%.
I had great respect for Grantham as a knowledgeable man in economics, but lost trust completely during this interview, when he started talking about ESG - admittedly invested in this politicoeconomical field. Or you have to interpret what he says from a purely disingenuous business perspective, and so to speak submit to the agenda.
This is a fantastic education in Green thinking, and thanks very much for an excellent interview. Unfortunately Mr Grantham, like most Anglo/Americans, appears to have a phobia of China and Russia. The fact that they hold key resources and technologies the West doesn't have or doesn't care to develop, means in their view that they are potentially hostile and therefore should be attacked. In other words swat that wasp now in case it eventually decides to sting you. These two nations had not even threatened the West with their resources until an avalanche of sanctions were imposed on them. The West simply has to own the rule book and wield the stick, and when it can't, it acts like a paranoid schizophrenic. Perhaps its a legacy of its culture of supremacy that it attempts to hide with browbeating media campaigns, in lieu of joining peacefully with the Global South as a co-partner rather than as its overlord.
I agree, we must give up our imperialist dreams and embrace the multipolar world. What was IMO the greatest portion of America's short history was fueled by win-win cooperation and large scale capital investment in the form of labor enhancment for the literal benefit of all humanity... Included there is some nationalism and economic protectionism that keeps everyone honest...
People forget that in extremely recent history Russia AND China were not just allies, but moved enough by the American System of the day to attempt to adopt and adapt to our methods... Russia freed the serfs thanks to Lincoln and BEFORE the Emancipation Proclaimation... We had "exchange student" type of deals with China and honored eachother with monuments!
We need to get with the program and start being MUCH more pragmatic, and it will all start with some actual honesty from our leadership... Our politicians lie so much because if they told us what they're plans really were we would be rioting that evening... If they know something we dont about climate change, or Atlantis, or UFOs, or God, or whatever it is that they cant tell us, its time to come clean in my opinion...
Wrong! I'm 100% Chinese and I have to say he is quite comfortable about China. Are you a 50 cents army boy? Did you get paid to write this post?
Are you one of those paid shills?
@@kennethli8 what are you guys talking about? This guy is clearly critical of American policy... Since when were the paid shills on the side of the "conspiracy theorists"
I do not find him brilliant nor do I find him amazing. I have tried listening to him several times. He strikes me as a shill for Davos and the environMENTAL movement. Not much objectivity in someone so ideologically committed.
"Not much objectivity in someone so ideologically committed."
Find a mirror.
@@TheRiiiight you too l am sure. The difference is l am not anyone of note holding out their ideas to be judged. He and his envirotardism still sucks ass.
I always admire Jeremy. He's a walking book.
I hope this guy does not only say what other people should or should not eat, but he has stopped using private jets, air conditioning and using cars with mor than 99 hp. Some people are really bad for the planet.
How in the world is BTC a wealth inequality play , when millionaires , billionaires are buying it up it truck load ?.. sure it only has 21M cap , not sure how that improve the life of poor farmer in Haiti
We're having mini bear market rallies, but nothing to jump on. I see mild recession, with the economy contracting starting in the final quarter of this year into the first half of next year. Personally gonna stick with diversification using algorithmic system. I've gone around 23% up from the last two quarters. Just an average Joe here trying to thrive in these volatile markets.
Would you advise investing in an inflation linked gilt Vanguard Etf given the current economic situation?
@@George-hl7jf Sorry I'm not a money manager nor an advisor lol. I only use Josephine Guevara Laporte's popular program. She's a chartered financial analyst. Look her up and maybe schedule a call. Might be the best bet for you. Consistency and smart diversification skills were the clincher for me with Josephine.
How does this program work. Are the fees high?
Hi I found Josephine Laporte's official website after I looked up her name. She's got some impressive stats and qualifications. I want to drop her a message right away. Is she that good?
@@George-hl7jf Josephine takes ten percent of the profit she makes. And since it's an algorithmic based model, it's very much transparent. You can actually see what assets you have and how much growth your portfolio achieves over time.
Jeremy Grantham comes across as very wise until he starts talking about diet and climate change. But I'll follow his guidance on the economy.
Right? Climate change is complete BS
Lol that's what the losers think. Real $$ and innovators have been on the green train for decades.
Wake up, John
My view exactly!
Any chance he’s just smarter than you in those areas too?
I like JG on economics but a quick look at the climate model predictions from the 90s and it is clear there was no Underestimation of CO2’s effects. Climate sensitivity estimates have dropped considerably
13:00 millions of Chinese and Eastern Europeans made for an ideal time for capitalism; inflation down, asset price up 17:50 fear of recession becomes a wishful thinking that Fed would help 20:00 fast trend of fewer young people; old folks labor intensive
this video deserves way more than 13k views