Jeremy Grantham, Edward Chancellor

The Making of a Permabear (eBook, ePUB)

The Perils of Long-term Investing in a Short-term World

• Format: ePub

Produktbeschreibung

Raised in a Yorkshire coal-mining town, Jeremy Grantham's iconoclastic investment career was launched into the stratosphere by a few simple ideas: buy cheap, watch for bubbles, and stick to your guns when you know you're right. Grantham created one of the first index funds in the 1970s, pioneered quantitative investment in the 1980s, and embraced emerging markets before other firms saw their potential. He became famous when he accurately predicted and sidestepped a series of bubbles, and his firm skyrocketed to a peak of $155 billion in assets under management. But as his wealth grew, so did his concerns about the deficiencies of capitalism and the unfolding climate crisis. He decided - at the top of his game - to donate nearly all his wealth to environmental protection. With wit that's as cutting against himself as his critics, Grantham reveals how hunting for bargains requires understanding the inefficiencies of the market and the human behaviour that drives it. Ultimately, Grantham offers a deeply human, often heretical and quietly profound lens on investing today.

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Produktdetails

• Verlag: Grove Press UK
• Seitenzahl: 416
• Erscheinungstermin: 5. Februar 2026
• Englisch
• ISBN-13: 9781804711200
• Artikelnr.: 75053059

Autorenporträt

Jeremy Grantham is cofounder and long-term investment strategist of GMO, a Boston-based investment management firm with offices around the world, and founder of the Grantham Foundation for the Protection of the Environment. He is a member of the American Academy of Arts and Sciences and received the Carnegie Medal for Philanthropy in 2017 as well as the Harvard Business School's 2025 Alumni Achievement Award. He lives in Boston. Edward Chancellor is an award-winning financial journalist. He is the author of The Price of Time, winner of the 2023 Hayek Book Prize, and Devil Take the Hindmost: A History of Financial Speculation, a New York Times Notable Book of the Year. He lives in Somerset.