--- title: "Meaning & Key Takeaway of: One day we will have more inflation, and…" description: "\"One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven f..." image: "https://sms4smile.com/quotes/i/215/jeremy-grantham-11433_bleed_one-day-we-will-have-more-inflation-and_2068353.jpg" --- # One day we will have more inflation, and our bonds will… ![“One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.” quote by Jeremy Grantham](https://sms4smile.com/quotes/i/215/jeremy-grantham-11433_bleed_one-day-we-will-have-more-inflation-and_2068353.jpg) [Download](https://sms4smile.com/quotes/i/215/jeremy-grantham-11433_bleed_one-day-we-will-have-more-inflation-and_2068353.jpg) [Open image](https://sms4smile.com/quotes/i/215/jeremy-grantham-11433_bleed_one-day-we-will-have-more-inflation-and_2068353.jpg) > “One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.” [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Long-term bonds are unattractive because inflation will erode returns, making them a short‑term refuge rather than a wealth‑building tool. **In simple terms:** Bonds lose value with inflation, so they’re only a temporary safe haven. Key Takeaway Avoid long bonds in high inflation. Themes inflation fixed income investment risk market psychology Mood cautious analytical Type advisory critical When to use this quote - retirement planning - asset diversification - risk management - inflation hedging Key Concepts real yields inflation expectations portfolio allocation Questions to Reflect On - How will you protect purchasing power in a rising‑inflation environment? - What alternatives offer real returns? A Different Perspective If inflation spikes, even short‑term bonds can suffer, limiting safety. ★ ★ ★ ★ ★ No ratings yet [Bleed](https://sms4smile.com/quotes/about/bleed/) [Bonds](https://sms4smile.com/quotes/about/bonds/) [Buying](https://sms4smile.com/quotes/about/buying/) [Buying Long](https://sms4smile.com/quotes/about/buying-long-3980495/) [Day](https://sms4smile.com/quotes/about/day/) [Desperate](https://sms4smile.com/quotes/about/desperate/) [Haven](https://sms4smile.com/quotes/about/haven/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Inflation Bonds](https://sms4smile.com/quotes/about/inflation-bonds-3188640/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Like](https://sms4smile.com/quotes/about/like/) [Long](https://sms4smile.com/quotes/about/long/) [Long Bonds](https://sms4smile.com/quotes/about/long-bonds-3980494/) [Longer Term](https://sms4smile.com/quotes/about/longer-term-339051/) [Make](https://sms4smile.com/quotes/about/make/) [Money](https://sms4smile.com/quotes/about/money/) [More](https://sms4smile.com/quotes/about/more/) [Naught](https://sms4smile.com/quotes/about/naught/) [One day](https://sms4smile.com/quotes/about/one-day/) [Only](https://sms4smile.com/quotes/about/only/) [Our](https://sms4smile.com/quotes/about/our/) [Pig](https://sms4smile.com/quotes/about/pig/) [Potential](https://sms4smile.com/quotes/about/potential/) [Real](https://sms4smile.com/quotes/about/real/) [Reason](https://sms4smile.com/quotes/about/reason/) [Short term](https://sms4smile.com/quotes/about/short-term/) [Will](https://sms4smile.com/quotes/about/will/) ## Related quotes > [“Because I believed that the choice was between accelerating inflation and deflationary depression, I was holding both gold (which performs well in accelerating inflation)…](https://sms4smile.com/quotes/ray-dalio/because-i-believed-that-the-choice-was-between-accelerating-inflation/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [What's hard, it seems, is living up to the words spoken by Jesus Christ, who preached naught but love and mercy and justice and…](https://sms4smile.com/quotes/steven-weber/what-s-hard-it-seems-is-living-up-to-the-words-spoken-by-jesus-christ/) [Steven Weber](https://sms4smile.com/quotes/author/steven-weber/) > [What you do for your Self, you do for another. 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