Replies

The average stock is no where near bubble territory, about 15-20 times trailing earnings.

P/E has nothing to do with it going forward and you know that. You know how much damage the economy has sustained, you know the world situation with the Chinese and Russians becoming VERY aggressive lately and you now the uncertainty with the Wuhanic Plague and the riots and statue destruction. And, you STILL post that? Hmm...

Grantham is a major manmade gloBULL warming benefactor: Wikipedia: Jeremy Grantham Views on fossil fuels and the Keystone pipeline He has stated his opposition to the Keystone Pipeline on the basis of the ruinous environmental consequences that its construction will bring to Alberta and to the entire planet due to the contribution that burning the extracted oil would make to climate change... Timber investment Grantham is know to be a strong advocate for investments in the timber industry that also relies on trees for biomass/biofuel (wood chips). The potential conflict of interest with Grantham's philantropic engagement for the "beyond coal" campaign of the Sierra Club was criticized in Jeff Gibbs' documentary Planet of the Humans... Philanthropy Grantham, together with his wife Hannelore, established the Grantham Foundation For the Protection of the Environment in 1997. Substantial commitments have been made to Imperial College London, the London School of Economics and the University of Sheffield, to establish the Grantham Institute - Climate Change and Environment, the Grantham Research Institute on Climate Change and the Environment and the Grantham Centre for Sustainable Futures, respectively, which will enable the institutions to build on their extensive expertise in climate change research. The 2011 tax filing for the Grantham Foundation for the Protection of the Environment shows the Foundation donated $1 million to both the Sierra Club and to Nature Conservancy, and $2 million to the Environmental Defense Fund that year. The Foundation has also provided support to Greenpeace, the WWF, Rare and the Smithsonian. From 2006 to 2012, The Grantham Foundation for Protection of the Environment funded a $75,000 prize for environmental reporting. The prize was administered by the University of Rhode Island's Metcalf Institute for Marine & Environmental Reporting. In August 2019, he dedicated 98% (on average $1 billion) of his personal wealth to fight climate change. Grantham believes that investing in green technologies, is a profitable investment on the long run, claiming that decarbonizing the economy will be an investing bonanza for those who know it’s coming. Awards and Honours includes: 2009 Honorary degree, Imperial College, London https://en.wikipedia.org/wiki/Jeremy_Grantham