Patrick O’Shaughnessy had GMO’s Jeremy Grantham on the other day and the first topic they got into was why value investing has stopped working, at least in the traditional sense. Grantham’s amazing in this interview. It’s loaded with lots of other stuff he’s thinking about, including the FANG stock phenomenon, what’s going on with commodity prices, central bank involvement in the bond markets, the state of the climate change crisis, the destruction of the oil industry, how pesticides are pushing down the global birth rate and the American response to coronavirus.
It’s one of the best podcast episodes of the year for me. Listen below or on Apple Podcasts: