Odd Lots: Jeremy Grantham on Spotting a Bubble’s End (Podcast)

Jeremy Grantham, co-founder and long-term strategist at GMO, discussed his views on market bubbles and the current excitement surrounding artificial intelligence. In a recent podcast episode, Grantham drew parallels between the current AI enthusiasm and the dot-com bubble of the early 2000s, a period he successfully predicted. He detailed his experiences in his new memoir, "The Making of a Permabear: The Perils of Long-Term Investing in a Short-Term World," which chronicles his career and his approach to long-term investing. Grantham, known for his bearish outlook, has a track record of identifying market excesses and potential downturns. The conversation explored various indicators of market "frothiness" and Grantham's methodology for discerning the end stages of a speculative bubble. His insights are particularly relevant given the significant investment and public interest in AI technologies, which some analysts suggest could be experiencing speculative inflation.