Wednesday, August 1, 2012

Climateer Line of the Day: Jeremy Grantham talks Food Crisis Edition

This makes Mr. Grantham a two-time winner of the prestigious CLoD, I'm sure he's thrilled.
"I, for one, wish that the world would get on with whatever is coming next"
-from GMO's 2Q 2012 Letter, which contains Jeremy Grantham’s "Welcome to Dystopia!, Entering a long-term and politically dangerous food crisis"

"Climateer Line of the Day: Jeremy Grantham on Profit Margins Edition":

“Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly.” – Jeremy Grantham