Jeremy Grantham: Stop Ruining My Perfectly Good Bear Market

Jeremy Grantham, co-founder of GMO, discusses his career, investment strategies, and views on market bubbles. He reflects on being labeled a "Permabear," despite not considering himself one, and the challenges of maintaining a long-term investment horizon in a short-term-focused market. Grantham recounts his early adoption of index funds and quantitative investing, and also shares anecdotes about calling market tops, including Japan's bubble. The conversation touches on the current bull market, attributing it to multiple factors like stimulus and AI, and also explores the impact of retail traders and the concentration of power among large corporations on market structure. He expresses concerns about climate change, population decline, and the widening wealth gap, while remaining optimistic about technological innovation in geothermal and fusion energy.