Jeremy Grantham Quotes About Values

Quotes about: Values

• There is a lot of pain still to be had in the equity markets, particularly aimed at the risky end of the spectrum. We think the fair value on the market is about a third lower in the U.S. . .

  Jeremy Grantham

  Pain, Thinking, Financial

• Everyone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, it is equally fair to say that gold is a faith-based metal. It pays no dividend, cannot be eaten, and is mostly used for nothing more useful than jewelry. I would say that anything of which 75% sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded.

  Jeremy Grantham

  Islands, Rocks, Gold

• I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.

  Jeremy Grantham

  Hate, Work Out, Gold

• Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.

  Jeremy Grantham

  Years, Monsters, Weak

• Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.

  Jeremy Grantham

  Ideas, Playing Games, Long

• The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.

  Jeremy Grantham

  Needs, World, Helping

  "Can Jeremy Grantham Profit From Ecological Mayhem?" by Carlo Rotella, www.nytimes.com. August 11, 2011.

• Volatility is a symptom that people have no idea of the underlying value.

  Jeremy Grantham

  Ideas, People, Investing

  "Henry Blodget Debates Jeremy Grantham". Interview with James M. Clash, www.forbes.com. June 12, 2000.

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