Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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JG

Jeremy Grantham

T2InvestorsGlobal macro and market cycles

British investor whose Boston firm managed $118 billion in 2015 and $65 billion in 2020; started one of the first index funds and criticised responses to the 2008 crisis.

GMOGrantham Foundation for the Protection of the Environment

Wrote no book, but his GMO quarterly letters are the most widely read running commentary on asset bubbles and mean reversion, and he extended that framework to climate and resource scarcity.

20 letters · 7 articles

Letters 20Writing 7Profiles 1
Valuing AI: Extreme Bubble, New Golden Era - or Both?Jeremy Grantham and Edward Chancellor test whether AI is a two-sigma bubble or a paradigm shift, measured against over 300 historical bubbles across asset classes.2026
Rising Toxicity and the Threat to Capitalism and Life ItselfJeremy Grantham argues that toxicity from untested chemicals is this century's most underrecognised threat, driving a fertility crisis and harming health.2025
The Great Paradox of the U.S. MarketJeremy Grantham argues U.S. stock prices, at a Shiller P/E of 34 in the top 1% of history, price in perfection while the world is imperfect and dangerous.2024
Sustainability or Bust: The Sheer Impossibility of Eternal Compound GrowthJeremy Grantham argues compound growth cannot last forever as workforces shrink, resources grow scarcer and climate damage escalates.2024
After a Timeout, Back to the Meat GrinderJeremy Grantham says the first leg of the bubble's bursting is over, with speculative growth stocks crushed, and expects further losses.2023
Let the Wild Rumpus BeginJeremy Grantham argues the U.S. is in its fourth superbubble, after 1929, 2000 and Japan in 1989, and that superbubbles correct back to trend with great pain.2022
Putin's Invasion Reminds Us That We Live in a Finite WorldJeremy Grantham argues Russia's invasion of Ukraine shows a finite world, where decarbonisation needs scarce commodities and the war adds pressure on raw materials.2022
Entering the Superbubble's Final ActJeremy Grantham argues the U.S. superbubble has entered its final act, comparing it with the Nifty Fifty, 1929, 2000 and 2006.2022
Waiting for the Last DanceJeremy Grantham argues the bull market since 2009 has become an epic bubble, alongside the South Sea bubble, 1929 and 2000, and warns asset allocators.2021
Waiting for the Last Dance (revised, September 2021)Jeremy Grantham's revised September 2021 version of Waiting for the Last Dance calls the U.S. market an epic bubble featuring frenzied issuance and speculation.3 2021
Chemical Toxicity and the Baby BustJeremy Grantham argues chemical toxicity is a neglected cause of falling fertility and a threat to chemical companies.2020
Covid-19, Climate Change, and the Need for a New Marshall PlanJeremy Grantham urges a new Marshall Plan for climate infrastructure, arguing low growth, inequality and negative real rates make 2020 the time for it.2020
Bracing Yourself for a Possible Near-Term Melt-UpJeremy Grantham, a value investor, warns in January 2018 of a possible near-term melt-up, as the U.S. market shows signs of a classic bubble's final phase.2018
This Time Seems Very, Very Different / The US Market Will RevertJeremy Grantham clarifies that he expects the U.S. market to revert toward its old means, but very slowly, after journalists misquoted him.2017
The Race of Our LivesJeremy Grantham argues the global economy, reckless with resources, shows signs of failure that brought down past civilisations, in a race against time.2013
My Sister's Pension Assets and Agency ProblemsJeremy Grantham argues career risk drives professional investors to protect their jobs rather than clients' money, using his sister's pension as an example.2012
Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever (1Q 2011)Jeremy Grantham argues the days of abundant resources and falling commodity prices are over forever, and investors must change their thinking.1 2011
Summer Essays (GMO Quarterly Letter, 2Q 2010)Jeremy Grantham's summer 2010 essays cover GMO's portfolio outlook, finance going rogue, a fearful speculative market and global warming.2 2010
Reinvesting When TerrifiedJeremy Grantham urges investors in March 2009 to reinvest when terrified, as painful as it was to sell in 1999.2009
It's Everywhere, In Everything (GMO Quarterly Letter, 4Q 2007)Jeremy Grantham calls the boom in everything from Indian antiquities to junk bonds the first truly global bubble.4 2007
The letter archive → See all 20 in the Letters table →

Tags

gmobatterymarchgrantham-foundationasset-allocationequitiescommoditiesmean-reversionbubblesclimate-changeresource-scarcityvalue-investing