Jeremy Grantham talks about the challenges we face from climate change. His deep insight is an eye opener!
"Very few investors realise how rapidly the environment is being wounded, not just by climate change but also by overuse and by chemical waste. We may have created a world that is simply hostile to most living creatures including us.
Contrastingly, very few realise how favourably and dramatically fast the relevant science is progressing and the cost of necessary technologies declining. These opposite forces will determine whether we can even retain a world with as stable a global society as we have today, a modest definition of success. The results will certainly transform the entire world of energy, resources and food in a few decades with unprecedented financial consequences."
Mr. Grantham co-founded GMO in 1977 and is a member of GMO’s Asset Allocation team, serving as the firm’s chief investment strategist. He is a member of the GMO Board of Directors and has also served on the investment boards of several non-profit organizations. Prior to GMO’s founding, Mr. Grantham was co-founder of Batterymarch Financial Management in 1969 where he recommended commercial indexing in 1971, one of several claims to being first. He began his investment career as an economist with Royal Dutch Shell. Mr. Grantham earned his undergraduate degree from the University of Sheffield (U.K.) and an M.B.A. from Harvard Business School. He is a member of the Academy of Arts and Sciences, holds a CBE from the UK and is a recipient of the Carnegie Medal for Philanthropy.
View the presentation slides from this lecture here.