A Quote by Jeremy Grantham

Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone. They roll the dice bigger and quicker than most.
There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
When I sat down with Under Armour, one of the first things we talked about was how this can be bigger than just shoes, bigger than just basketball.
We're very privileged as Americans - it's easy to forget about the rest of the world and to think that your problems are the most important problems. Even poor people in America live better than poor people most everywhere else.
America has entered one of its periods of historical madness, but this is the worst I can remember: worse than McCarthyism, worse than the Bay of Pigs and in the long term potentially more disastrous than the Vietnam War.
The climate dice are now loaded. Some seasons still will be cooler than the long-term average, but the perceptive person should notice that the frequency of unusually warm extremes is increasing. It is the extremes that have the most impact on people and other life on the planet.
If you can stare hard at your problems, they almost always shrink or disappear, because you almost always find a better way of dealing with them than if you don't face them head on. The more difficult the problem, the more important it is that you stare at it and deal with it.
I know what it's like to have a dream. I know what it's like to roll the dice and say, 'I'm going to go after this thing,' and nothing turns my stomach quicker than acting teachers or acting schools that look at a bunch of dreamers and say, 'We can help,' when they know full well that they can't.
I always tell people that, just to be a bad jazz musician, you have to be better than most musicians. The worst jazz musicians are normally better than most musicians, because you have to know so much.
I think it's a relatable concept - when you have a long-term relationship or marriage, and you want to try to be friends with that person, because you kind of grew up with that person and they know you better than anyone, and how it's just impossible to make that transition seamlessly.
The company has been clear from the start that we try to serve customers long-term, and long-term investors are going to be more excited about Amazon than short-term investors.
I hear poetry whenever I turn on the radio. Eminem is a better poet than just about everybody. He's better than Billy Collins; he's better than Richard Wilbur; he's better than me.
It's a life issue more than anything when you're dealing with racism anywhere... It's a life issue - bigger than sports, bigger than football.
Because Iran understands Afghanistan far better than Americans do, making Iran a partner in a long-term effort to transform Afghan agriculture makes sense.
I have a very great respect for Americans, and having been a correspondent in this country, and I believe that Americans are people who respond much better to facts and truthful, genuine speculation, than they do to purely, kind of phoney, adulation.
Anyone will acknowledge that there's a lot of people other than those who are elected who run the government, and who are in permanent positions, and long-term positions, appointed positions - not voted in by anybody. That kind of gnaws away, I think, at the idea of democracy. The two-party system, again, is an issue. What we see is no desire on behalf of anyone to begin to address these problems.
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