All Podcasts Real Vision Daily Briefing: Finance & Investing Jeremy Grantham's Big Calls: Emerging Markets, Venture Capital, and the Green Revolution

Episode Summary

Jan 01 2021 . 81 MIN
Share:

Jeremy Grantham's Big Calls: Emerging Markets, Venture Capital, and the Green Revolution

Long-term investment strategist and co-founder of GMO Jeremy Grantham has made a name for himself as a bubble spotter. In this interview with Mike Green of Logica Capital Advisors, Grantham argues that although we are again in a market bubble, it has an entirely different make up than prior bubbles and is almost devoid of the opportunity that these periods of misallocation historically provide. As a result, he sees opportunities as few and far between in public markets. With the exception of emerging markets and the greening of the economy, an endeavor that he believes is a societal necessity, he encourages investors to look towards venture. Together, Grantham and Green also debate China's position in Grantham's emerging market thesis and the green revolution, the pollution paradoxes of greening the economy, and the merits of societies and forms government that incentivize cooperation among people and risk taking in the form of early stage venture capital. Key Learnings: Emerging markets are the only place that Grantham sees clear opportunity in public markets. Using COVID response as a case study, Grantham worries about America’s potential to solve the problem of climate change. He also argues that if not for venture capital, American innovation would be non-existent.

Recorded on November 18, 2020.

Subscribe

Hosts

Ash Bennington headshot

Ash Bennington

Maggie Lake headshot

Maggie Lake

Raoul Pal headshot

Raoul Pal

Follow Us

We'll be tweeting new episodes, polls, questions, and show updates. Follow us and say hi!

@Realvision

Join the revolution

Choose your membership level below

Real Vision Essential

Essential insights for all investors

Our core membership, Real Vision ESSENTIAL, unlocks our most popular shows, introducing the key market themes we focus on and featuring hard-to-access guests like Kyle Bass, Jim Chanos, Jim Grant, Stan Druckenmiller and many more.

Become a member now and get analysis you won’t find anywhere else.

  • Daily interviews, investment ideas and presentations

  • The Real Vision Daily Briefing – after market close

  • Quarterly two-week long investment themes

  • Full, ad-free access to the archive

  • Binge anytime, anywhere on mobile and OTT apps, and offline with downloadable video, audio and transcripts

Become a member today

Plans starting at just $239/year. Cancel anytime.

Select your plan