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 βWe live on a finite planet. We have finite resources, and we're running out of good, arable land.
Jeremy GranthamRead
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.
Jeremy GranthamRead
There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
Jeremy GranthamRead
Similar quotes
Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.
Warren BuffettRead
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.
Warren BuffettRead
Growth and value investing are joined at the hip.
Warren BuffettRead
Investing is a virtuous habit best started as early as possible.
John C. BogleRead
It seems to me - particularly for these retirement-plan investors, the vast majority of whom are not particularly financially sophisticated - by far the best way is to invest in index funds.
John C. BogleRead
Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.
Barbara CorcoranRead