---
title: "1 Need Years Quotes By Jeremy Grantham"
description: "1 Need Years quotes by Jeremy Grantham. Plus more from Jeremy Grantham and more Need Years sayings from other authors."
image: "https://sms4smile.com/quotes/i/e09/jeremy-grantham-11433_air_investment-bubbles-and-high-animal-spiri_1010343.jpg"
---

> [Investment bubbles and high animal spirits do not materialize out of thin air. They need extremely favorable economic fundamentals together with free and easy, cheap credit, and they need it for at least two or three years. Importantly, they also…](https://sms4smile.com/quotes/jeremy-grantham/investment-bubbles-and-high-animal-spirits-do-not-materialize-out-of/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

[Image](https://sms4smile.com/quotes/i/e09/jeremy-grantham-11433_air_investment-bubbles-and-high-animal-spiri_1010343.jpg)

## More by Jeremy Grantham

> [The investment business has taught me – increasingly as the years have passed – that people, especially investors (and, I believe, Americans), prefer good…](https://sms4smile.com/quotes/jeremy-grantham/the-investment-business-has-taught-me-increasingly-as-the-years-have/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [The stock market is overpriced. Everything is overpriced. Junk is king.](https://sms4smile.com/quotes/jeremy-grantham/the-stock-market-is-overpriced-everything-is-overpriced-junk-is-king/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing…](https://sms4smile.com/quotes/jeremy-grantham/some-societies-are-also-more-optimistic-than-others-the-u-s-and/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think,…](https://sms4smile.com/quotes/jeremy-grantham/the-potential-for-alternative-energy-sources-mainly-solar-and-wind/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever…](https://sms4smile.com/quotes/jeremy-grantham/battering-down-solar-cells-on-the-roofs-of-wal-marts-in-california-i/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably…](https://sms4smile.com/quotes/jeremy-grantham/when-it-comes-to-portfolios-my-personal-advice-is-for-anyone-who-can/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.](https://sms4smile.com/quotes/jeremy-grantham/by-background-i-m-both-a-quaker-and-a-yorkshireman-which-i-like-to/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because…](https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Libertarians believe that any government interference is bad. Anyone with a brain knows that climate change needs governmental leadership, and they can smell this…](https://sms4smile.com/quotes/jeremy-grantham/libertarians-believe-that-any-government-interference-is-bad-anyone/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market…](https://sms4smile.com/quotes/jeremy-grantham/think-how-weird-profit-margins-are-we-ve-got-high-unemployment-and/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Bubbles have quite a few things in common, but housing bubbles have a spectacular thing in common, and that is every one of them…](https://sms4smile.com/quotes/jeremy-grantham/bubbles-have-quite-a-few-things-in-common-but-housing-bubbles-have-a/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Modern agriculture has been accurately described as a way of turning oil into food. As the price of oil continues to rise, so will…](https://sms4smile.com/quotes/jeremy-grantham/modern-agriculture-has-been-accurately-described-as-a-way-of-turning/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [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…](https://sms4smile.com/quotes/jeremy-grantham/the-individual-is-far-better-positioned-to-wait-patiently-for-the/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed…](https://sms4smile.com/quotes/jeremy-grantham/ridiculous-as-our-market-volatility-might-seem-to-an-intelligent/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

> [We live on a finite planet. We have finite resources, and we're running out of good, arable land.](https://sms4smile.com/quotes/jeremy-grantham/we-live-on-a-finite-planet-we-have-finite-resources-and-we-re-running/)

[Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/)

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