The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.
Jeremy GranthamRead
When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably never come near their returns in the stock market. In the world that I see, land is golden.
Interpretation
What this quote means
Investing in land and agriculture is a wise choice for long-term returns.
Jeremy Grantham's quote emphasizes the value of investing in forestry and farmland as a superior long-term investment compared to traditional stock markets. He highlights that in his perspective, land holds tremendous intrinsic value, often yielding better returns than stocks over time.
Themes
InvestmentLandForestryFarmlandReturnsStocks
In practice
Example use cases
During a financial literacy workshop, this quote can inspire participants to consider diversified investment strategies.
More from Jeremy Grantham
All quotes →We live on a finite planet. We have finite resources, and we're running out of good, arable land.
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The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
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There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
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