Keep pulling the thread on Jeremy Grantham.
During the 2.25 years of the dot-com bubble, GMO's assets under management fell from $30 billion to $20 billion, causing it to lose over half its market share.
Following the dot-com bubble burst, the S&P 500 index declined by 50% and the NASDAQ Composite index declined by 80%.
In the four years following the dot-com bust, GMO's assets under management grew from $22 billion to $165 billion.
In 1929, the S&P's low-priced stock index, which had risen 70% in 1928, was down nearly 40% year-to-date on the day before the market crash, signaling a major divergence.
At its peak in late 2020, pre-revenue battery company QuantumScape briefly had a market capitalization greater than General Motors.
Jeremy Grantham believes the emergence of generative AI in late 2022 interrupted and reversed what would have otherwise been a classic bursting of a market super-bubble.
Jeremy Grantham argues that the policies of Federal Reserve chairs Alan Greenspan and Ben Bernanke were directly responsible for creating the first-ever nationwide U.S. housing bubble.
The cohort of 20-year-olds in Japan is now 50% smaller than it was in 1948.
The fertility rate in South Korea has fallen to 0.7.
Three years prior to the interview, the Grantham Foundation's portfolio ranked number one on a 10-year basis in the Cambridge Associates database, outperforming the endowments of Harvard, Yale, and Princeton.
Jeremy Grantham alleges that Alan Greenspan, Larry Summers, and SEC Chairman Arthur Levitt actively opposed efforts by the CFTC, led by Brooksley Born, to regulate subprime financial instruments before the 2008 crisis.
During the dot-com bust in 2000, Amazon's stock price declined by 92% before recovering to become a dominant company.