The Bubble Hasn't Burst Yet | TCAF 110
ฝัง
- เผยแพร่เมื่อ 22 มิ.ย. 2024
- On episode 110 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jeremy Grantham to discuss: being the "Bubble Historian", Inflation, Modern Valuations, the Four most Dangerous Words, Tesla, Real Estate, Impact Investing, and much more! Including a few extra words of wisdom.
Thanks to Public for sponsoring this episode! Go to www.public.com/compound to lock in a historic 5.5% yield on your cash.
More from Jeremy:
/ gmoinsights
www.granthamfoundation.org/
►00:00 - Cold Open
►08:14 - Intro
►09:12 - What is GMO today?
►10:25 - Quality in Investing
►15:49 - Inflation today vs. the 70s?
►24:01 - Being the "Bubble Historian" (NOT A PERMABEAR!)
►28:56 - Elon, "a wonderful propagandist"
►37:19 - The Next 7 Years
►54:46 - Calling a bottom
►01:05:57 - Are we in a bubble?
►01:12:36 - The Magnificent 7
►01:15:40 - Is this time different?
►01:20:47 - Inequality
►01:23:25 - Recession risk?
►01:28:04 - Impact Investing
►01:35:36 - Favorites
►01:38:12 - A few last words
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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Thanks to Public for sponsoring this episode! Go to www.public.com/compound to lock in a historic 5.5% yield on your cash.
I cannot stop laughing ! 😂😂😂 “I’m sorry that I didn’t have another hour to really frighten you” ()
Jeremy is such a gentleman. Always eloquent. Always objective, never personal. I think he had a great time chatting on this pod. Definitely more casual than his usual engagements 😂
You guys cut him off way too much and interrupt the legend with unnecessary comments. Smh. Love Jeremy
We’re not great at this. Sorry.
He’s able to carry a thought for more than 30
Seconds, and needs to, in order to make a valuable point. Agreed
@@TheCompoundNewsif you want to be then take the constructive criticism given and make the change.
I get your point, but at least they’re not as bad as Scott Wapner on CNBC, who asks a question and continues to talk instead of letting his guests answer. I guess he thinks he’s smarter than his guests.
Yes... Too much noise from these guys. It is not about to interrupt the master but to listen to him... It is not required to say 'ok' every sentence of the dialogue... No need for confirmation of what others say...
The last 10 minutes was actually the most interesting. Thanks guys.
We only got it by accident! Jeremy was glad the film was still rolling though.
The last portion of this discussion with Jeremy Grantham was much more than interesting - his pontifications and philosophies about our planet, our society, and our collective future were outstanding. It was a compelling discussion. Thanks for letting us in on your conversation. @@TheCompoundNews
He truly sounds like a layperson trying to lay out hazard scenarios of which there are many. It's good to see him concerned and to push the agenda amongst the super rich. No the world is not healthy, nor are it's population and waiting for nature to 'take care' of it or waiting for technology to catch up and save everything (without the funding), is just wishful thinking.
@@mk7389l
@@chinyong8166Could you elaborate further?
i love Jeremy. His investing style is quantitative and makes perfect sense to me. Doesn't fall for the hype, uses history as a guide, AND he is banging the drum about inequality?
What an absolute gem.
Love this raw, unfiltered conversation with Jeremy Grantham, one of the greats.
One of the greatest fear mongers and permabears.
@@alb.1911Just realistic.
@@rolyars realistic? Really? 🤣It's so realistic that I completed ignored this fear monger and bough every times my stocks were undervalued like Warren Buffet and Peter Lynch teach and my portfolio continue to go up unstoppable. The arteriosclerosis at this age is a problem...
@@alb.1911 Then what's the problem? Seems to me you're anxious, which means that in the back of your head you're concerned as well.
"I'm sorry I didn't have another hour to really frighten you." Stone cold killer. Amazing interview.
As a small regenerative farmer I really wish people like him who care about the environment and desire to invest in the restoration of the natural ecosystem would set up foundations to help young people start small regenerative farms. I talk to these people every day who want to start regenerative farms and raise their families on the land and they can’t even come close to affording 40 acres. I guarantee these farmsteads will collectively bring back the insects. I have seen an explosion of birds and insects in the 3 years I’ve been doing this.
Well said!! Indeed Jeremy ought to set up exactly that for young farmers who will feed us safe foods and raise the next 7 generations!
Money chasers don't know why they're chasing money. Unfortunately Regenerative farming and permaculture won't be used until they have to be.
Great conversation. Josh and Micheal both did a great job and let Jeremy answer their question with out interrupting, or cutting the reply short! Thank you!
Finally. Let people talk
They got back again during the end
Yeah these guys interrupt him way too many times, why cant they just let the speaker speak fully
A brilliant mind and at 85, very impressive.
Amazing episode. Glad the camera was still rolling at the end, a gem of a human being. Perspective is easy to lose in this industry.
I often have flashbacks to this guys interview where he was talking about the internet bubble and how all the stocks were systematically taken out back and shot. I should have listened 😅
Truly and easily the greatest TCAF episode of all time! What an unbelievable conversation with a genuine legend. Thanks for bringing this to us 🙌🏽
I like the way you were able to get Jeremy to feel comfortable, great insight and honestly less bearish than i was expecting from him.
Long time viewer here - don't think I've ever left a comment, but felt compelled to share how great of an episode this was. The guests have been ELITE lately, Nick Colas was epic too.
Michael w/ the bait was gold, cheers lads
Thanks for the support!! Glad you enjoyed it
Imagine spending your Friday evening listening to the all-in podcast when you could be listening to this. 😊
Why not both?
Now you've got me imagining Grantham putting SPACs on blast in front of Chamath and those other charlatans.
How are we going out of business-we are overpopulated by a poor malnutritionalised working class. That might have something to do with low fertility.
OMG!!!! Applause 👏👏👏👏👏🙌🙌🙌 Take a bow gents. When Josh said that I will fall off my chair when I see the guest this week. I thought it was hyperbole, but yes! Yes! I fell off my chair when I saw the thumbnail. WELL DONE! 👏👏👏👏
I hope your audience made it to the last minute. What an interview! What an interview! What a privilege for all of us to be able to sit down with Jeremy Grantham in his final years! Thank you.
Best JG quote, “If you have an asset… flaunt it.” Great episode guys! 👏🏽👏🏽👏🏽
What the heck this grampa is sharp as a tack.. best show in a while
What an intelligent and interesting man to listen to, thanks Josh and Mike for this week's interview!!
"A few last words" was gold
This was an amazing episode, great job guys. There is so much more to this guy than the popular, shallow mythology about him would lead one to imagine.
Look at Josh and Michael all dressed up!! Big boy time!!! Respek!!! Awesome episode gents!
Noooooo wayyy you got the Jeremy Grantham on the pod. This is amazing. Pod just upgraded to another level.
Wow! I almost was going to skip this one thinking it would be full of bearishness. Glad I watched it & will watch it again!!! This episode with Jeremy Grantham is priceless! I feel so much smarter right now! 🙏🏻✌️🙌😎
im one hour in, and it looks pretty bearish. almost tempted to liquidate some holdings. tell me there is a silver lining somewhere lol
Totally agree. I was disappointed when I saw it appear on TH-cam. Big mistake. I was listen to it with such care for 2 hours. This was in my opinion the best episode. Josh had a great game plan on how to pivot with questions. And Jeremy with so much depth and history just humbly shows everyone what a legend he is in fact !
2 hours. I'm going to need 2 Sittings for this one usually I'm straight through.. Compound Fractures Unite 🤙
This interview is a gem. great job guys
Wow this one is worth listening more than once
Mind blown! Amazing work gentleman
My favorite financial podcasters. Love you guys and the show. Home run after home run.
I hope we’re all this sharp at 85
Wow! that's an amazing conversation, especially after Jeremy & you guys took off the headphones. Thanks a million!
I have watched this ep twice. Some parts more than that. I made my wife watch it. Once again proving why The Compound & Friends is the best Finance/Trading/Economy pod around. Grantham is LEGENDARY once he figured out you guys were just going to let him talk, he shined.
There are many better interviews of Grantham online.
Yeah to all that, and if the host would not interrupt so much and ask better questions, it’s be even better. But Jeremy wisely kept to his stories til they were told. Then dropped the bomb at the END!
What he says about green energy is the dirty secret that the fossil fuel rentseekers and their boosters and the Deniers want to hide.
Grantham Is the man and very smart and sharp. Great interview Josh and Michael!
Jeremy towards the end, "Yes, im just warmed up so sit yo ass down and listen." Great interview.
Pretty amazing how much knowledge and memory he has about everything over the past 60+ years.
He loves to talk! and i loved listening 😂
@michael and @josh, this was probably not only a top 3 guest, but a top 3 performance on your part. Well done to you and the team!
This was the best episode I have watched on The Compound. Everyone was professional. The topics were well planned and it couldn't have been better. I learned a lot. I can see why so much respect was being shown..... Great, Great show. you guys just keep getting it done. Thank you!
Glad you enjoyed it! Thank you
Batnick even wore a shirt. You know they meant business.
Lol...the respect was so apparent.
whoa this episode was THE SHIT! incredibly wisdom from Gandalf! Boris Johnson’s questions were also on point. Wow. This one deserves a second watch. What a gem.
Josh and Michael
Guys I listen to the podcast since it’s beginning. And this episode, was so fluid, insightful, and unfiltered. I actually felt like I was high on mushrooms. Jeremy is such a authentic soul, a wisdom tree of knowledge. Also shout out to your level of respect to this elder financial statesman. You and Michael have been listening with such care and engagement. This is the best show. The BEST show. Well done !
Thank you!!!!
What a wealth of information Jeremy has. I could listen to him forever. Thanks
Shoutout to producing crew. That record scratch on toxicity made me lol
You knew shit was about to get real when he took off the headset, and said let me tell you something about toxicity 😂😂
Phenomenal interview, this was the best guest and interview I’ve watched so far on your channel.
Awesome interview gentlemen! Love the respect you showed this legend in allowing him the time for storytelling and thorough answers to your questions. Cudo’s to you both! Keep up the great work!
Mr Grantham is so on the ball for his age…still teaching us all
Right! To be 85 and that damned smart and fast and on point- so inspirational - Jeremy!
Jeremy Grantham for president. Wow, great interview guys.
P.S. this time is different
Definitely a legendary guest- props to you guys. Well done episode for sure. - the addendum at the very end after the record scratch was the best.
top 5 episode right here
I keep having to rewind, so many gems in this.
He turned the lighthearted final segment about favourites into a mildly awkward existential talk about low sperm counts and the future of humanity. I love it!
I appreciate you guys suiting up and respecting a great guest
That was incredible. Definitely in the greatest hits. Thank you Compound!
Best pod cast you guys have made so far, by a mile guys......thanks for bringing him on....
The inequality piece was 🔥🔥🔥🔥. 👏👏
It's fantastic you book someone like Jeremy on your show. Please, please, try and book Jim Grant of the "Grant's Interest Rate Observer". Jim is a legend and would be an awesome interview!! Jim is pushing 80 y.o. so time is fleeting... please book him!!
The Compound has become my favorite podcast. JUST EXCELLENT!!! Thank you gentlemen and all your guests.
Our pleasure!
HYPED!! I always get so HYPED when you guys come out with a new episode; this episode did not disappoint. Thanks a bunch for the content!
You guys should have charged tuition for this one.
😂😂
One of the best episodes!
Having expressed displeasure previously I must say that Mr Grantham was the Compound’s absolute redemption.
By far - your highest quality presentation to date.
This was an absolutely AMAZING interview.
Holy moly you guys are on a roll bringing out the big names. Guy Spier, another episode with Nick Colas who always has great stuff to say, and now Jeremy Grantham?
Sorry you guys missed it. Just because someone doesn't say what you want to hear, doesn't mean it's without value. Great show as usual guys! Thank you.
One of the best interviews of the year guys. Keep up the great work. Greeting from the North
Love the interview. Always great to hear Jeremy Grantham talk about investing.
“Howdy.” 😂
I enjoyed this episode much more than I expected. Thank you!
Invaluable content 👏 ❤. Your guest choices are superb!
Thank you for bringing Mr. Grantham in. This is one of your best interviews. Cheers!
Glad you enjoyed it!
Thank you for the opportunity to hear the thoughts and ideas from Mr. Grantham's brilliant mind. If you would share more in long form like this, Jeremy, please do! This was the best 2 hours I've spent in some time.
This was a fantastic listen
The best episode yet. So clear and logical
Fantastic interview. Great job putting this together.
This was amazing. Loved that extra time we got from him talking about so many important topics. It's a shame the people in charge and with the money do not care like he does.
This is great 👍
1:17:40 - Batnick - "But can it also be true?" 😂
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
That's a good one. Thank you for getting people like that on the mic.
Thanks for watching!
what a fantastic interview. I guess I'm now a Jeremy Grantham fan.
This Gentleman handles Mike like a Seasoned Version of Ben after say episode 25 of Animal Spirits, this guy is the man indeed.
What a legend! Thanks Guys!
Great show- might have to watch again
So shortly after Guy Spier, another amazing guest. Thank you for the great interview. 🙂 This really adds breadth to the investment philosphies of guests you invite to the show.
Best guest yet.
What a historian. Love these older guys. Good you let him go on at the end. 85 yr olds get that way 😂😂👍🏻👍🏻
Great interview! Most importantly, thank you for letting Him speak and complete His ideas.
Thanks, he was a great. Very generous with his time.
I’m downloading to replay ever Dec 31 … a true classic - thanks to The Compound and esp J Grantham
Hat tip, gents. Financial royalty. One of the Big Thinkers of our time. Agree or disagree, right or wrong , JG demands deep thinking.
Very smart guy. Great guest! It is always good to listen to other ways of analyzing the market. Thank you!
Remarkable episode and guest. Mad respect for JG. First time I listened to him in a long-form show. The media normally makes his sound like a doomsday caricature, which is not true.
Awesome discussion with one of the greatest big-picture minds in the modern era. And you guys did a great job of just teeing him up, not getting in the way, and letting the big dog run! Thank you!!
You know shit is serious, or they are talking to a legend when Michael throws on a a button up.
‘Last Words’ MIND BLOWING!
Look at what the Compound has become! Hats off!
Appreciate it! Thanks for watching
Josh and Michael you have graduated. Keep up the good work.
Your best interview ever! A legend!
I'm a big fan of Jeremy Grantham. Great show gentlemen as always! 👏
Thank you!
One of the best shows you guys have done :)